WhatsApp Pay: In-Chat Payment

Let us now understand the step-by-step process involved in making payments via WhatsApp (for Android users):

Step 1: Go to the chat window of the person to whom you want to make a payment and click on the attachment icon

Step 2: Proceed to click on the 'Payment' option in the chat window and accept terms and conditions

Step 3: Enter the amount you want to transfer, UPI PIN and send the money For those with iOS phones, click on the plus symbol in the chat window and follow the procedure from step two.

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How to Set Up WhatsApp Pay with UPI

The procedure to set up WhatsApp UPI is mentioned below:

Step 1: Open WhatsApp and go to 'Settings'.

Step 2: Select 'Payments'.

Step 3: Tap on Add new account.

Step 4: Choose the bank from the options that are provided.

Step 5: Next, your mobile number must be verified to set up a UPI account.

Step 6: By using the UPI PIN, you can verify the bank account.

Features and Benefits of WhatsApp In-Chat Payment

The following are the features and benefits of WhatsApp In-Chat Payment:

1. Make payment to anyone on WhatsApp contact list from anywhere and at anytime
2. User-friendly 'pay' feature that makes transferring funds as simple as sending a photo or a message
3. The payee/beneficiary will receive a payment notification on their chat window once the fund transfer has been made
4. There is no need to ask the payee for account details such as account number or IFSC Code. All you need is a virtual address to make payment
5. The WhatsApp In-Chat Payment application is a one-of-a-kind payment feature

How to Send Money via WhatsApp QR Code Feature

Go to the Settings and select the Payments options. From there, select the New Payments option followed by the Scan QR Code button. You will now be prompted to add the amount you want to transfer as well as the UPI PIN for verification. Your entire transaction history will be available under the Payments section on WhatsApp. Moreover, the app will also let you view your bank accounts linked with WhatsApp.

WhatsApp forayed in the digital payment market in India to compete against popular players like Google Pay, Paytm and MobiKwik. However, WhatsApp payments feature is still in beta and is not rolled out officially for all users. Currently, the Facebook owned messaging service has more than 200 million monthly users in India.

How WhatsApp Works with UPI for Payments

WhatsApp enjoys more than 1.4 billion monthly active users globally that makes it one of the largest messaging platforms across the world. The number of active users is growing by the day and the organisation owned by Facebook is expected to launch an array of new features this year. Some of these features have already been introduced in the beta versions of iOS and Android. WhatsApp is going to introduce a couple of features surrounding India as well. For instance, integration of UPI (Unified Payments Services) in the app, given the country is one of the largest markets for this messaging service with more than 250 million monthly active users.

Some of the most awaited features are the ability to edit the messages that have already been sent and to make group calls including voice as well as video on WhatsApp. The messaging service recently introduced the "Delete for Everyone" feature that lets users delete a message that has already been sent within seven minutes of hitting the "Send" button.