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Now Pay using WhatsApp Pay : Here is how to use it

 

WhatsApp, WhatsApp Pay, Google, PhonePay, UPI, NPCI, PayTm, Facebook, Mark Zekerberg

Indians now have one more avenue to make payment using UPI, WhatsApp Pay. WhatsApp Pay is now available for users of the messaging app in India. WhatsApp had begun testing the feature long back in 2018 with over 1 million users. Now in November 2020, it is granted approval by the National Payments Corporation of India (NPCI). The announcement came a day after National Payments Corporation of India (NPCI) said that it has given a nod to WhatsApp to roll out a UPI-based payment system in India.

ICICI Bank, State Bank of India, HDFC Bank and Axis Bank – and debutant Jio Payments Bank have enabled its backend infrastructure to facilitate transfer of funds using WhatsApp pay

Total WhatsApp users in India are in vicinity of 40 Crs, but initially WhatsApp Pay’s services will come with curbs in the first phase, as the UPI infrastructure may not be able handle sudden influx of volumes if WhatsApp Pay is enabled for all its users.

NPCI will be issuing only 20 million (2 Crs) new virtual addresses to WhatsApp Pay for new user on boarding.

Expressing his thoughts about launching WhatsApp Pay in India, Facebook founder Mark Zuckerberg said, “We’ve been working on this with the National Payments Corporation of India, to make sure it’s secure and reliable. And we’ve built it using India’s Unified Payments Interface, which makes it easy for anyone to instantly accept payments across different apps -- and for companies to provide people with great services.

“With UPI, India has created something truly special and is opening up a world of opportunities for micro and small businesses that are the backbone of the Indian economy. India is the first country to do anything like this. I’m glad we were able to support this effort and work together to help achieve a more digital India. I want to thank all our partners who’ve made this possible” he added.

So here is how you can set up WhatsApp Pay on your mobile

— First, you need to update your WhatsApp on Play Store to get the Payments feature

— On your Android device, open your chat window on WhatsApp and tap on three vertical dots on the top right corner.

— You will find the Payments option on the list. Tap on it.

— Once the Payments window opens, tap on Add new payments method

— Tap on accept and continue to proceed further

— When you tap on accept, you will be taken to a new window with a list of banks that have partnered with WhatsApp

 — Select your bank from the list and verify the account using your phone number. This can be done with registered number with your bank.

— Tap allow to let WhatsApp verify your account and send texts to authenticate

— Once you enter the number, WhatsApp will verify with your bank and set up the payment.

— Hit done and access your Payments page.

How to send money on WhatsApp

— Choose the contact you want to send money to

— In the chat window, tap on the clip icon.

— Choose the rupee icon

— Enter the amount you want to send along with a note if need be.

— Enter your UPI Pin to process the transaction.

— Confirmation message will appear on your chat window after successful transaction

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