WhatsApp Pay is expected to launch i india later this year. Here's everything you need to know about WhatsApp's payments service and how to use it.
WhatsApp Pay has been around in india for over a year now but the service is yet to receive its official rollout. Facebook is still in the process of getting regulatory approvals for the stable release of whatsApp pay in india.
Earlier this year, Facebook CEO Mark Zuckrberg said the company is "actively working" on the India launch. WhatsApp global head Will Cathart gave a clearer timeline of the launch recently during his visit to india. Cathart said WhatsApp Pay will be availble to users across /india later this year. WhatsApp which has 400 million users in india has around 1 million users testing its payments service.
So What is WhatsApp Pay and how does it work? Here's everything you need to know.
WhatsApp Pay has been around in india for over a year now but the service is yet to receive its official rollout. Facebook is still in the process of getting regulatory approvals for the stable release of whatsApp pay in india.
Earlier this year, Facebook CEO Mark Zuckrberg said the company is "actively working" on the India launch. WhatsApp global head Will Cathart gave a clearer timeline of the launch recently during his visit to india. Cathart said WhatsApp Pay will be availble to users across /india later this year. WhatsApp which has 400 million users in india has around 1 million users testing its payments service.
So What is WhatsApp Pay and how does it work? Here's everything you need to know.
WhatsApp Pay: Introduction
WhatsApp Pay is a UPI-based payments service which launched in india last february in beta mode. WhatsApp users can link their UPI-enabled bank accounts and transfar money through the messaging app. WhatsApp aupports all popular banks like HDFC,ICICI, State Bank Of India, Axis Bank, And even airtel payments Bank.
WhatsApp Pay: How to enable
WhatsApp Pay isn't available for all users in India. WhatsApp beta users will most likely have the feature on their app. To start using the service, a WhatsApp Pay user need to initiate a payments to a contact. Once the request is received, the user can set up their UPI account on WhatsApp. Users Can then send and received money on whatsApp itself.
WhatsApp Pay: How to use
WhatsApp Pay is as simple as sending photos and videos on the app. Users can send money directly through chat by tapping on the share file icon in the chat bar and selecting 'payment'. There's dedicated 'Payments' section availble under the shortcut menu. Users can check their transactions, history and account detalis here.
WhatsApp Pay: Modes of transaction
During the initial phase, WhatsApp Pay allowed users to send money only to their contacts after which it enabled UPI ID. WhatsApp Pay users could enter the UPI ID and send money. Later in March WhatsApp introduced QR code for its payments service. Each WhatsApp Pay user has a unique QR code which users can scan and send Money.
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