WhatsApp Payments feature is finally live in India. Backed by Unified Payments Interface (UPI), the WhatsApp Payments feature is available for both Android and iOS. With this, you will now be able to send and receive directly to your bank account (Peer-to-Peer).
The new feature is pretty convenient, and potentially has a huge user base in the country because of the app’s immense popularity. Moreover, since it is based on UPI, the money will go straight to your bank account, eliminating the need for mobile wallets and other similar financial instruments.
Update WhatsApp to the latest version 2.18. Note that you will not get this feature just by updating the app. You would need someone, who has already got Payments feature, to message you. After that, just relaunch WhatsApp and the feature will automatically show up.
If you satisfy the necessary pre-conditions and wish to avail the service, search for a ‘Payments’ tab in the ‘Settings’ drop-down within the application. Users then will have to verify their phone numbers by choosing “Verify via SMS” and that can be done by tapping on the green coloured send button on the next screen to send a verification SMS from your phone. It’s worth noting that the SMS charges will be applicable. Once the WhatsApp number has been configured then add your bank from a vast list of over 70 banks.
New users can create a UPI account with a pin for authenticating the payments inside WhatsApp as well. This can be done easily by just following the instructions the app provides. You must remember that the WhatsApp payment feature works only if the recipient has set up their bank account within WhatsApp.
To send payments, open the chat of the WhatsApp contact to whom you want to send money. Then select the ‘attach’ option or the ‘plus’ icon on iOS. You’ll see a Payment option, select it, add your amount and authenticate via the UPI PIN you have previously set.