19 November 2020
After various hurdles that caused longer than expected delay, WhatsApp Pay UPI-based payments solution has finally gone live in India. The company made the announcement via a blog post as well as a tweet through an official account. It said, "Starting today, people across India will be able to send money through WhatsApp."
India is home to numerous UPI-based mobile payment apps like Google Pay, Paytm, PhonePe, Amazon Pay, and individual apps from banks themselves. WhatsApp Pay has been released in collaboration with the National Payments Corporation of India (NPCI). It has teamed up with ICICI Bank, HDFC Bank, Axis Bank, the State Bank of India, and Jio Payments Bank for powering the payments infrastructure for a seamless user experience.
Starting today, people across India will be able to send money through WhatsApp 💸 This secure payments experience makes transferring money just as easy as sending a message. pic.twitter.com/bM1hMEB7sb— WhatsApp Inc. (@WhatsApp) November 6, 2020
Just like any other UPI app, WhatsApp Pay will empower users to send and receive payments from any user and through any of the 160 supported banks. A user simply needs to visit the conversation with the person to whom payment needs to be made. Tap on the file attachment icon and choose the Payment option. Next, all you need to do is to enter the amount and your unique 6-digit UPI PIN to start the transfer process. Once the money is transferred, you will get an alert and so will the recipient.
For first time users, they will need to go through an initial WhatsApp Pay setup process. It is compulsory that you are using the same phone number on WhatsApp that you have registered with the bank. This is important for completing the bank account verification process which would fail otherwise. The feature rollout has already begun and you should install any new WhatsApp update that will arrive on your iPhone or Android device.