WhatsApp Pay Explained: How to set it up, how to send and receive money.

WhatsApp is the most used app on the social media platform, whose number of users is around 230 crores. WhatsApp has recently been found in Facebook, whose users have increased even more. WhatsApp also keeps launching new features to keep customers happy, whose response is also good. Now such a feature has come in WhatsApp, with the help of which you will pay online. This features will work like Paytm and Google Pay, which will transfer money to another's account in seconds. The National Payment Corporation of India has approved WhatsApp on Thursday.

WhatsApp was waiting for this for almost 3 years and now the company has made it live in India. Testing of WhatsApp UPI based payment has already been done. Facebook India head Ajit Mohan has said, 'Payments have been live on WhatsApp in India and people will be able to send money through WhatsApp. We are excited that the company will be able to contribute to India's digital payment shift 'WhatsApp payment will be available in ten regional languages ​​in India. If your WhatsApp app already has a payment option, then you can use it now, if not, you can check the payment option by updating WhatsApp. To use WhatsApp payment, customers have to have a debit card which supports UPI.


How to set it up.

You can activate it by going to WhatsApp payment option and selecting bank and entering details. WhatsApp has said in its statement, 'From today, WhatsApp users from across the country will be able to pay with this app. WhatsApp's Secure Payment Experience will make sending money as easy as sending a message 'WhatsApp said by National Payment Corporation. In collaboration with Off India, a unified payment system ie UPI based payment interface has been prepared and data localization has also been taken into consideration. WhatsApp has tied up with five big banks for payment service. These include ICICI Bank, HDFC Bank, Axis Bank, SBI and Jio Payment Bank.

It is worth noting that not just money from WhatsApp can be sent to any UPI supported app. That is, even if the next one is not using WhatsApp payment, you will still be able to pay through WhatsApp. According to WhatsApp, payment here will be secure and UPI PIN will be required for every transaction. In the statement, the company has said that WhatsApp payment will be available on both Android and iOS platforms.

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