Pawan KumarWhatsApp Pay is now launched in India, and now you can see this feature on your phone or not. If you have this feature on your mobile, you are from lucky 20 million out of 400 million users. WhatsApp has been chosen for this feature because the National Payments Corporation of India (NPCI) has permitted a 30% cap implementation on total payment volumes via every third party payments app from January 1, 2021. WhatsApp Pay is currently working with five banks in India – HDFC Bank, Axis Bank, ICICI Bank, SBI, and Jio Payments Bank. People can send money through WhatsApp to anyone using a UPI supported app.
To send money through WhatsApp, you have to register your mobile for UPI, and WhatsApp mobile number must be the same as your registered mobile number.
Company officials said that its payments feature had been designed in partnership with NPCI using UPI (India’s first real-time payment system that enables transactions with over 160+ supported banks. Now WhatsApp is also ready to compete with Paytm, Walmart-owned PhonePe, Amazon Pay, and Google Pay.
The necessary things to send money through WhatsApp in India, a user must have a bank account linked with UPI and debit card in India. WhatsApp will send the instruction to banks, also known as payment service providers, to initiate the transfer of money via UPI ( Unified Payments Interface) between sender and receiver bank accounts.
When the user sends money through WhatsApp Pay, they need to enter a personal UPI PIN for each transaction.
While using WhatsApp for payments, one needs to enter a personal UPI PIN for each transaction.
How to use WhatsApp Pay feature, Here is a step-by-step guide to enable, send, or receive money using UPI PIN:
Step-1: Open your WhatsApp App and select the three-dotted icon visible on the top right corner of the screen.
Step-2: Select ‘Payments’ options (If you don’t find this option, then you need to update the Application or even after you don’t see this option, then possible you are not in 20 million users right now or you may not have created UPI account or not your UPI Registered Mobile number and WhatsApp number is different)
Step-3: A list of bank names will be on your screen. You complete the necessary steps here to connect your bank to receive and send payment.
Step-4: After you finish selecting your bank name, your mobile number, linked with the bank, will be verified.
Step-5: To verify, a user needs to select ‘Verify’ via SMS
Note: You need to make sure the WhatsApp number is the same as the one linked to your bank a/c.
Step-6: After the verification process user now needs to complete setting up payments.
Step-7: On every payment send UPI Pin is mandatory likewise other apps.
How to send or receive money
- Open any chat on WhatsApp and select the ‘attachment’ icon.
- You find the ‘Payment’ option to add the money you want to send to the person. Here you can also add a note.
- After adding payment, you will have to enter your UPI PIN.
- Now you will get the payment confirmation message.
WhatsApp Payment is the start of this service. But in the future, this would be available for every WhatsApp users.
Now some common questions regarding this feature are
Is WhatsApp Payment safe for making payment
We all know that WhatsApp is holding by Facebook, and it is approved by NPCI using UPI to make payment with it. More WhatsApp runs on a secure server and sounds in encryption, so your payment is safe.
If you ask for a payment, where will you get the amount, and when will you get it?
you will get paid instantly in your UPI linked Bank Account.
Why do I not see the WhatsApp Pay option in my WhatsApp Application after the update?
It has been rolled out with limited banks, and to limited users, so you may not see this even after updating the Application.
Can the government of India track this payment?
Yes, it is only providing a platform. All your money will go through a government UPI facility so the government can track this payment well, and you may not face any difficulty if you have any technical issues.
Manish Mishra
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