New Delhi: Indian messaging app Hike on Tuesday added payments feature that will allow its over 100 million users to transfer money and recharge/pay mobile bills through the messaging platform. The Hike wallet—powered by Yes Bank—will allow free and instant bank-to-bank transfer via unified payments interface (UPI), free and instant money transfer via wallet and recharge right from the app, Hike Messenger founder and CEO Kavin Bharti Mittal told reporters in New Delhi. Hike is the first in India to launch payments facility on a messaging platform. The Facebook-owned messaging app has about 200 million users in India. Post demonetisation, there has been a massive growth in digital transaction volumes in India, including credit/debit cards, mobile banking/m-wallets and UPI.

Source: Mint June 20, 2017 09:45 UTC