As we know WhatsApp has been testing its payment service in India since 2018. However, the Facebook-owned company was only newly able to grow the feature beyond the initial one million users. Now, WhatsApp Pay has launched Unified Payments Interface or UPI, a payments infrastructure built by a combination of large banks in India. In this article, you need to know about WhatsApp Pay new payment service.
WhatsApp Pay New Payment Service
WhatsApp Pay is not an individual app; there are various other features that are attainable through the WhatsApp messenger app. You can reach WhatsApp Pay in the latest stable version of the WhatsApp app on Android and iOS. Also, WhatsApp Pay is working out in ten Indian regional languages. WhatsApp’s new payment feature is being worked out in a phased manner, starting with a maximum registered user base of 20 million in UPI. Regarding WhatsApp has above 400 million users in India, you might have to pause a while before being able to arrive the payment service.
Benefits of WhatsApp New Payment Service
Easy to Use
As with all UPI services, users won’t be charged a transaction fee. The limit for a transaction on WhatsApp new payment service is Rs 1, 00,000. WhatsApp has not yet allowed fund transfer through a bank account number or by utilising an IFSC code.
To practice WhatsApp payment, you will have to link an Indian number to an Indian bank account. People using international numbers will not be able to use WhatsApp’s payment service. To make payments using the service, you’ll need a UPI passcode. However, if you already have one with an existing UPI app, you can use the same code.
Operates with Third-party Apps
WhatsApp Pay has utilised to transfer funds to people with UPI enabled, even if that money requires transferring through other apps such as Google Pay, Phone Pay, and BHIM. All you require to do is enter Google Pay, BHIM, Phone Pay or other UPI ID to transact using WhatsApp Pay.
Easy and Convenient
WhatsApp works on UPI, which is the same system utilised by Google Pay, BHIM, Phone pay, and other bank apps. The money that requires transferring through WhatsApp’s payment service can be held in your bank account.
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