WhatsApp has finally introduced a paying feature to its users. WhatsApp pay went live on 6th November 2020. The main purpose of this feature is to make transferring as easy as sending messages on the app. The current apps used for making easy money transfers include Paytm, PhonePe, Google pay among others.
Announcing the new feature, as published on IndiaToday, WhatsApp opened its blog with the statement, “Starting today, people across India would be able to send money through WhatsApp.” WhatsApp Pay, as a payment gateway made its way into the market in order to make its users’ payment experience secure. Users can send money safely to family members from a distance without having to exchange cash in person.
WhatsApp has partnered with the top five leading banks in India including Axis Bank, Bank of India, HDFC Bank, State Bank of India, and Jio Payment Bank. It is essential to have a bank account and a debit card to access this payment feature. The transfer of money initiated via UPI between the sender and the receiver after instructions sent by WhatsApp.
For every payment, WhatsApp will ask for a UPI pin to tighten the security on the app. Whatsapp Pay is available for Android as well as IOS users. To utilize its latest feature, users need to update their apps and install the latest available version.
Besides its new payment feature, WhatsApp has also presented a disappearing message feature for users all across the globe. If you activate this feature, new messages would be deleted after seven days. WhatsApp continues to surprise us with one feature after the other however WhatsApp Pay comes with some restrictions. This curb could affect other payment apps as the UPI infrastructure will not be able to handle the sudden influx in volumes.
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