The WhatsApp Payments is now rolling out in India which is regarded as the BETA in order to make the selection for the Android smartphones and also for the iPhones. This is something which is bringing yet another digital payment option in the India which obviously catches plenty of eyeballs.
These new WhatsApp payments feature is somehow very convenient, and potentially has some amount of the massive user base in the whole India as this app will surely turn to be massive popular one anyway. WhatsApp Business App
WhatsApp Payments in India
Though, since this one is based on UPI, the money is all set to go very straight to the bank account of the holder, it will be eliminating the need of mobile wallets alongside some other akin financial instruments.
Not sure how WhatsApp payments whether will be work or not? Here’s everything you need to about this WhatsApp banking system.
In what way we can have the WhatsApp Payments?
Already we know that WhatsApp payments feature will be going to rolling out to select users in India on its first pace. Firstly, we need to assure of this that the WhatsApp payments can be running in the latest version of the app – as of filing this report, that’s v2.18.41 on Android and iPhone v2.18.22.
Open any WhatsApp chat then you can see the new Payments sub-head under Settings. If you see this you will be going to realize your access to use the WhatsApp’s UPI-based payments feature. If not, you have no other option but you need to wait until the WhatsApp payments will be a load on your smartphone.
How you can add the bank accounts for WhatsApp Payments
Here’s is now you can add your bank account to WhatsApp and then the payments feature will be going to start on your smartphone.
1). First Step: Go to Settings -> Payments inside WhatsApp.
2). Second Step: Now in the sub-head of the Bank Accounts, you need to select the Add New Account option.
3). Third Step: Now you need to tap the Accept button and then it will be Continue if you agree with the terms.
4). Fourth Step: Now you need to tap the Verify via SMS and follow the prompts afterward you need to send an SMS in order to begin the linking process.
5). Fifth Step: Now on the next screen, select the bank whose account you wish to add in the smartphone for the WhatsApp payments procedure.
6). Sixth Step: Now if you have an account (or multiple accounts) linked with the number then you just need to send the SMS from, then you will be presented with your account (or accounts) from that bank.
7). Seventh Step: If everything goes smoothly, then you will be going to see the UPI Setup Complete screen.
You can repeat these steps to add multiple bank accounts in the WhatsApp. If you have multiple accounts added, then you can designate one of them as the primary account (by default the account you added first).
How to send money via WhatsApp Payments
You must need to remember that the WhatsApp payment feature works only if the recipient will be already set up their bank account within WhatsApp – send this guide to your friends and family so that they can have some guidance for this WhatsApp payment procedure. How to delete WhatsApp Good Morning Images?
You can also send money to individual group members also in the group chat that will be provided to enable the Payment option.
In addition, you cannot pay money to verified business accounts (such as BookMyShow or MakeMyTrip) as this service is only for the peer-to-peer (i.e. person to person).
Here’s How to send your first (and subsequent) payments via WhatsApp
1). Now you need to open the chat of the WhatsApp contact to whom you wishes to transfer the money.
2). On Android, tap the Attach button. If you are using the iPhone, select the Plus button.
3). In order to send money, just tap on Payment, and enter the amount to the person whom you wishes to transfer the money. You can also add a note to the message if you wish.
4). To authorize the payment, you need to enter the UPI PIN of the bank account from which you are trying to transfer the money.
5). Once the money is sent, the amount (and the text note, if any) will show a message as part of the conversation.
As you can see these above-written process this is quite simple and takes only a few taps to complete the action to send the payment via WhatsApp. Google Arts Project App
If you want to switch between accounts, you then will be required to tap into the bank account while sending money and you will see the list of linked accounts and then you can switch between them.
WhatsApp will maintain a log which is the crucial part of the transactions – the money you sent and the money you received – using the Payments option under Settings is very important anyway.
To check the log, you need to visit the Settings, tap on Payments option and then you need to select the View History option.
This is the WhatsApp’s first attempt at the digital payments front, and it is actually dominated by Paytm in India. The Facebook-owned app has not officially declared this feature yet and kept it in beta mode so far.
This means that this is the only a small segment of its more than 200 million users can access it at this current time.
The Google’s Tez, Paytm’s Inbox and the numerous UPI services managed by banks themselves which consider it somehow easy to transfer money to one another among the group of people.
