No fee will be charged for sending money via WhatsApp: Facebook CEO Mark Zuckerberg

CALIFORNIA: No fee will be charged when sending money via WhatsApp, said Facebook CEO Mark Zuckerberg on Thursday (local time) following the nod by National Payments Corporation of India (NPCI) for WhatsApp to go live on UPI in the multi-bank model.

Speaking through a video statement, Zuckerberg said that it will be supported by more than 140 banks. “Now you can send money to your friends and family through WhatsApp as easily as sending a message. There’s no fee, and it’s supported by more than 140 banks. And because it’s WhatsApp, it’s secure and private too,” he said.