How WhatsApp giving competition to china with India

Whatsaap is already got  approved from regulatory permissions from Indian government. Now, if everything is ok with updates of 2.17.295 version includes the new feature 'Pay now'  or 'pay to friend' option in whatsaap.  It reads 'immediate bank to bank transfer with UPI'.  Definitely this will impact Indian digital economy. More over it will give huge competition to paytm app which is having more chines shares. obviously this is going to be Mind blowing feature update in WhatsApp..!