WhatsApp, a popular instant messaging app owned by Facebook, launched a payment service in India on Friday. The chat feature, is now available to users nationwide. WhatsApp Pay is an easy-to-use UPI payment feature within the messenger. This allows users to send and receive contacts and money while chatting. Send and receive money using UPI, a payment infrastructure set up by a consortium of major local banks.
WhatsApp Pay was first launched in India in 2018, but it has been stuck in beta mode due to a lack of regulatory approval by the authorities which has raised data security concerns. On Thursday, India’s National Payment Authority (NPCI) approved WhatsApp to phase out its 20 million users.
WhatsApp said in a tweet: “Starting today, people across India can send money via WhatsApp. This secure payment experience makes sending money as easy as sending a message.”
Starting today, people across India will be able to send money through WhatsApp 💸 This secure payments experience makes transferring money just as easy as sending a message. pic.twitter.com/bM1hMEB7sb
— WhatsApp (@WhatsApp) November 6, 2020
How to enable WhatsApp Pay on your phone?
- Open WhatsApp messaging app
- Go to settings and select the Payments option
- Click Add Payment method and choose your bank
- You will be asked to select your bank.
- After selecting a bank, you will be asked to confirm your mobile number. Click Confirm via SMS.
- When the verification process is complete, the WhatsApp payments setup is complete. You can add multiple accounts as a payment method. To do this, repeat the process and select a bank. I have an account.
How to use WhatsApp Pay?
The “Push” option appears in the file-sharing menu. When enabled, users can send money to their contacts when they enter the payment window. WhatsApp Pay works in a UPI way and does not require you to provide bank account details such as account number or IFSC code to send or receive money. By scanning the QR code, you can send money to people who are not on your contact list.
Mark Zuckerberg thanks all the partners who enabled WhatsApp Pay in India
Mark Zuckerberg, CEO of Facebook, said India has opened up a world of opportunities for small and micro-businesses by building UPI’s payment infrastructure. Zuckerberg also thanked all the people who made WhatsApp Pay possible in India.
UPI has created something really special and opened up a world of opportunities for small and micro-businesses that are the backbone of the Indian economy. India is the first country to do so. It’s a good thing. We are working together to support this effort and support the realization of a more digital India. We would like to thank all partners who made this possible. ” she was.