Digital Prashant - WhatsApp launches its payment system starting today

November 7, 2020

Digital Prashant – WhatsApp launches its payment system starting today

Now in India, users of WhatsApp will also be able to send money to each other through this app. For this purpose, the National Payment Corporation of India (NPCI) authorized WhatsApp on Thursday.

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Work has been going on for about five years. And it waited 3 years for it to be released in India, and now the company has also launched and made it live in India. Testing of this payment solution for WhatsApp UPI has already been completed.

Mr Ajit Mohan, head of WhatsApp and Facebook India, said, “Payments have begun on WhatsApp in India and now people can also send money through WhatsApp.”

Will they be able to lead to the revolution in digital payments? How to pay for WhatsApp-If you already have a payment option in your WhatsApp app, you can do so, otherwise, you can upgrade WhatsApp and search the payment option. In India, WhatsApp payments will be available in around 10 languages.

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Then you must have a debit card that helps your bank UPI if you want to use WhatsApp Payment. For this, you choose your bank and enter the necessary details and trigger it by going to the payment choice in WhatsApp Payment.

In its statement, WhatsApp had previously said, “Now all users across the country will be able to pay from WhatsApp today. And it will be as easy as sending messages to send secure WhatsApp payment experiences.”

It will be very safe and simple, according to WhatsApp, to make payments on WhatsApp. Any transaction will require a UPI Lock. In its announcement, WhatsApp has also said that WhatsApp Payments will be available on both Android and iOS platforms. Users should upgrade their software to do this.

In partnership with the National Payment Corporation of India (NPCI), WhatsApp has developed a UPI (Unified Payment System) based payment interface, and data localization has also been explicitly taken care of.

Instead, money can be sent to any APP that is funded by UPI. That is, with WhatsApp, you can always pay someone even though you are not using WhatsApp Payment.

For this, WhatsApp has tied up with five big banks for payment service. These include Axis Bank, ICICI Bank, HDFC Bank, State Bank of India and JIO Payments bank.

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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 payments will be available on both Android and iOS platforms. For this, users can update the app.

Tags:Digital Prashant, WhatsApp

WhatsApp launches its payment system starting today, sending money from WhatsApp UPI Payment