CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the city which is choosed by Facebook as base for WhatsApp Pay as the centre for rolling WhatsApp Pay globally.
A
Dubai
B
New York
C
London
D
Berlin
Explanation: 

Detailed explanation-1: -Facebook has chosen London as the centre for the global roll-out of WhatsApp Pay, before the social media giant launches its digital payments service on the mobile messaging platform in India, according to a media report.

Detailed explanation-2: -Yes, WhatsApp Payment features are only available in India, Brazil, and select users in the US for now. India is actually the fastest-growing digital payment market, which means the competition is fierce.

Detailed explanation-3: -The payment gateway can be operated through Facebook, Instagram, Messenger and WhatsApp.

Detailed explanation-4: -WhatsApp Pay isn’t available for all users in India. WhatsApp beta users will most likely have the feature on their app. To start using the service, a WhatsApp Pay user needs to initiate a payment to a contact. Once the request is received, the user can set up their UPI account on WhatsApp.

Detailed explanation-5: -WhatsApp Pay: In-Chat Payment. The WhatsApp In-Chat Payment feature will allow users to make payments to anyone from their WhatsApp contact list. The new option will enable WhatsApp users to both send and receive money.

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