WhatsApp Pay is finally available in India. The company announced Friday that the feature will be available in India starting today. WhatsApp on its blog mentioned that it wants to make transferring money as easy as texting on the app. India currently has many payment apps including Paytm, PhonePe, Google Pay, among others.
Announcing the new feature, WhatsApp said in a blog: “Starting today, people across India will be able to send money via WhatsApp. This secure payment experience makes transferring money as easy as sending a message. People can safely send money to a family member or share the cost of goods remotely without having to change money in person or go to a local bank.
WhatsApp designed its payment function in partnership with National Payments Corporation of India (NPCI) using the Unified Payment Interface (UPI), a real-time payment system that allows transactions with over 160 supported banks.
WhatsApp has partnered with five leading banks in India, including ICICI Bank, HDFC Bank, Axis Bank, State Bank of India and Jio Payments Bank. “To send money on WhatsApp in India, you need to have a bank account and debit card in India. WhatsApp sends instructions to banks, also known as payment service providers, which initiate the transfer of money via UPI between the sender’s and recipient’s bank accounts. app that supports UPI.
“In the long run, we believe that the combination of WhatsApp and UPI’s unique architecture can help local organizations address some of the key challenges of our time, including increasing rural participation in the digital economy and providing services. financial to those who have never had access before “, We read in the WhatsApp blog.
In an effort to improve security and privacy on the app, WhatsApp will make users enter the UPI Pin for each payment. The company said “payments are designed with a solid set of security and privacy principles.” WhatsApp Payments is available for all iOS and Android users. To get the new functionality, users need to update their apps.
The company announced Friday that the feature will be available in India starting today.
- WhatsApp Pay is finally available in India.
- WhatsApp on its blog mentioned that it wants to make transferring money as easy as texting on the app.
- WhatsApp Payments is available for all iOS and Android users.