WhatsApp has reportedly started testing out its UPI-based payments feature in India. The new feature, available for select WhatsApp beta users on iOS and Android, enables users to send and receive money using the Indian government’s Unified Payments Interface (UPI) standard. This feature is available on WhatsApp version 2.18.21 for iOS, and version 2.18.41 for Android. Considering the large user base of the messaging app in India, the payments platform’s integration may give another boost to digital payments.

The images indicate that the WhatsApp payment method will utilize the Unified Payments Interface (UPI), an instant real-time payment system developed by National Payments Corporation of India that facilitates inter-bank transactions.

The rollout of WhatsApp Payments has started from India which means that the company is looking to end the dominance of apps like Paytm,Phone PayGoogle Tez, and other digital wallet app that have been around for a long time.

Also Read: How to Save Whatsapp Status Videos and Photos to Gallery without rooting

How to send money using WhatsApp payments

The WhatsApp Payments will be limited to peer-to-peer payment and does not offer merchant payment, as of now.

Before getting started with WhatsApp Payments, users will have to note few things like:

  • For WhatsApp Payments to work, both sender and receiver should be running the latest WhatsApp version as well as have WhatsApp Payments option enabled.
  • Another important fact is WhatsApp number should be same as your mobile number linked to your bank account with UPI option support as well.

WhatsApp users who have already received the feature can head to Settings > Payments to start setting up the Payments option. As of now, WhatsApp Payments is working on an invite basis which means those who have received the Payments feature can activate for others by choosing the option from chat.

On tapping the option, users will be welcomed by a new message saying “Send and receive money securely with UPI” and users need to tap on “Accept and Continue” to start accepting the WhatsApp Payments. The users will be also offered the Terms and Privacy policy and the payment provider’s terms and privacy policy which they can read or just skip to the next option.

WhatsApp Payments

Users then can got to verify their phone numbers by selecting “Verify via SMS” which is done by sound on the green colored send button on consequent screen to send a verification SMS from your phone. It’s price noting that the SMS charges are going to be applicable.

Once the WhatsApp number has been configured then add your bank from a vast list of over 70 banks. WhatsApp has managed to get all major banks for its new WhatsApp Payments feature on-board which include Axis Bank, HDFC Bank, ICICI Bank, State Bank of India, Yes Bank, Airtel Payments Bank, Allahabad Bank, Andhra Bank, Bank of Baroda, and more.

If you already have UPI option enabled with your bank then you will need to verify with SMS.

New users need not to worry as WhatsApp Payments offers an option to create a UPI account with a pin (much like your ATM pin) for authenticating the payments. Payment done in less than 10 minutes by just following the instructions.

You need to remember the WhatsApp number and the mobile number registered with your bank should be same or else you need to get it linked with your bank before proceeding with WhatsApp Payments like same in google Tez.

Now, how to send money to a friend using Payments feature on WhatsApp. To start sending money, tap on menu in any chat to access Payment option apart from other options like send photo, video, file, contact, or location.

Choose a WhatsApp contact you want to send your first payment, select the bank account and amount > Enter the UPI Pin > Money sent. One of the biggest highlight of the WhatsApp Payment is it uses UPI to send money in no time.

Once the transaction is complete, WhatsApp also notifies the user about the money sent to a contact. You can also keep a track of Payments from within the app, by using the Payment history option in WhatsApp.

Also Read: How to Save Whatsapp Status Videos and Photos to Gallery without rooting

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