Facebook owned WhatsApp Messenger has launch its own Digital Payment Service using the peer-to-peer Payment transaction in India
Facebook owned WhatsApp Messenger has finally released a new payment feature in India. the feature is currently available only for beta users. the company has joined hands with National Payments Corporation of India (NPCI) who developed BHIM (Bharat Interface for Money) Mobile payment app which is based on the Unified Payment Interface (UPI), the advanced version of Immediate Payment Service(IMPS) platform that enable money transfers and merchant payments using mobile numbers.
The WhatsApp UPI based payment feature is currently available only for WhatsApp Beta users on iOS version 2.18.21 and Android version v2.18.41 and above. The WhatsApp UPI-based payments appears in the attachment section of the personal chat box next to Documents, as shown above in the screenshot. when a user taps on the payment option, he is redirected towards a separate tab which asks you to accept and continue to WhatsApp Payments Terms and Policy. once done, it prompts you to link your bank account which is already linked with for UPI based payments. if everything is all correct, you can see a option to ‘Select a bank account to add’ — There’s an separate tab in settings section for Payments which helps you to keep a tab on all your payments history.
Last year, WhatsApp Co-Founder Brian Acton was on a tour of India with the goal to gather insights on how WhatsApp can contribute to Digital India in a more prominent way. on his tour he even met the country’s union minister for electronics and information technology Ravi Shankar Prasad and discussed the ways in which the company can contribute to India’s vision for digital commerce.
WhatsApp Messenger has a wide user base of one billion active users worldwide and with the company’s Digital Payment Service it will only get a boost. thus, adding another feather to their cap in the process.
If you want to use WhatsApp Payment feature, you need to enroll in the WhatsApp Beta program available for Android and iOS users and ofcourse you also need someone who already has the WhatsApp Payment feature. do keep in mind that it is still in beta stages and might take some time before hitting your device for a global rollout.
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