How to set up and transact money using WhatsApp Pay UPI?

WhatsApp Pay: WhatsApp, one of the most popular messaging platforms globally, has come up with a new payment feature on the platform using which users can send and receive money right within their chats with the ease and security of BHIM UPI. 

Right after the launch, WhatsApp Pay gained substantial traction among its users, however, the pace of adoption fell drastically later on due to the lack of adequate promotion and attention to the user experience. WhatsApp Pay UPI is designed to make it easier to split bills, send money home, or contribute to group gifts.

With WhatsApp Pay, users can send money directly to their contacts’ bank accounts without the need for sharing QR codes or UPI IDs. Here are some other key features of WhatsApp Pay:

Security: In WhatsApp Pay, the payment information is rigorously protected. WhatsApp does not store card or UPI PIN information, and every payment requires a UPI PIN for added security.

Simple setup: Adding your bank account to WhatsApp Pay is a one-time process. Once set up, you can send and receive money directly through WhatsApp, and the service is compatible with anyone who uses UPI-based apps such as GooglePay, PhonePe, 

Transaction tracking: Users can conveniently track the status of their transfers directly within their chats. Additionally, they can access their transaction history through the payment settings.

How to set up WhatsApp Pay?

Enabling WhatsApp Pay in India involves several steps, and here's a step-by-step guide for doing that:

• Launch the WhatsApp on your device
• Tap the three-dotted menu on the top
• Select ‘Payments’ from the available options
• To set up your bank account, tap "Add new account"
• Review and accept the WhatsApp Pay terms and conditions
• From the list of available banks, find and tap on the name of your bank
• Select "Verify via SMS" and grant the necessary permissions when prompted to verify your account
• Choose the specific bank account you wish to link with WhatsApp Pay
•  Tap "Done" to finalise the setup process.

How to make payments using WhatsApp Pay?

Now that your WhatsApp Pay account is set up, you can make payments by following the steps mentioned below:

• Open WhatsApp on your device
• Go to the chat with the person you want to send money to
• Right next to the message clipboard, select the Rupee icon
• Enter the amount you wish to send
• Follow the on-screen prompts to verify your UPI pin for security
• Once the payment is successfully processed, you will receive a prompt message confirming the payment

This step-by-step guide should help you enable and use WhatsApp Pay for convenient money transfers.