Social media app WhatsApp is now going to be a new start in India soon. The company is going to introduce its payment service in India soon. In the initial phase, this UPA based payment service will be offered for peer-to-peer (P2P) transactions.
Facebook has owned whitespace. Nearly 400 million users are present in this nearby country. If the company accelerates its digital service, then it will be bad news forPaytm, who is currently in the field. There are 23 million users connected with PetiMe.
Policy Commission CEO Amitabh Kant said, “One billion mobile, cheapest data, the consumption of the most mobile data, the average age of 29 years and the basis of 40 million users, all these things, it seems that India’s WhoseSpeep The future is quite bright. “
Whatsapp Pey is expected to launch in India later this year. Here you need to know the payment service of WhatsApp and how to use it.
Whatsapp Payment Service In India
Whatsapp Pay has been in India for more than a year, but this service has not yet received its official rollout. Facebook is still in the process of getting regulatory approval for the stable release of WhatsApp in India.
Earlier this year, Facebook CEO Mark Zuckerberg said that the company “is actively working” on the launch of India.
Whatsapp global chief Will Cathart gave a clear timeline of recent launch during his visit to India. Cathart said that Whatsapp will be available to users across India at the end of this year. WhatsApp has 400 million users in India and about 1 million users are testing its payment service.
So what’s on Whatsapp and how does it work? Here you will know everything that you need to know.
Introduction WhatsApp Pay
Whatsapp is a UPI-based payment service that was launched in India in beta mode in February last year. WhatsApp users can link their UPI-enabled bank accounts and transfer money through the messaging app. Whatsapp supports all popular banks such as HDFC, ICICI, State Bank of India, Axis Bank and even Airtel Payments Bank.
How to Enable Whatsapp Pay
In India, WhatsApp is not available to all users. Whatsapp Beta users will have the most features that they will feature on their app. To begin using the service, users on Whatsapp need to start paying for a contact. After receiving the request, the user can set up his / her own UPI account on WhatsApp. Then users can send and receive money only on WhatsApp.
How To Use WhatsApp Pay
It’s as simple as sending photos and videos to Whatsapp Pay App. Users can send money directly through chat by tapping the share file icon in the chat bar and selecting ‘Payment’. A dedicated dedicated payment section is available under the shortcut menu. Users can check their transactions, history and account details here.
Mode of Transaction
During the initial stage, Whatsapp Pay allowed users to send money to their contacts, after which they enabled the UPI ID. Users can send money by putting UPI ID on WhatsApp. Later in March, Whatsapp introduced in March for QR code for its payment service. Each whitespeed pay user has a unique QR code that users can scan and send money.