WhatsApp Pay, the digital payment service by WhatsApp, has finally gotten necessary approvals from regulators in India for a phased roll-out.
The Facebook-owned messaging app is using the country's Unified Payments Interface (UPI) framework to enable real-time money transfer.
So, if you are in India, you can try the new service to send or receive money right within the app.
Set up payments on WhatsApp (For Android)
Since WhatsApp Pay works on UPI, just make sure the number you use on the messaging app is registered with your bank account. You don't necessarily need to create a UPI ID with your bank as WhatsApp will do the same for you.
To get started, open WhatsApp, tap on menu (three-dots icon), and then on Payments.
Not everyone will see the Payments option
WhatsApp Pay is being rolled out in a phased manner and not everyone will see the Payments options just yet. In case you are the unfortunate one, you will have to wait until the service arrives for your number.
Payments option available for you? Follow these steps to proceed
Under the Payments menu, click on Add New Payment Method, select your bank, and tap Verify via SMS to authenticate your bank account.
Now, tap Allow to let WhatsApp verify your number and send a text to authenticate your account.
Once this process is completed, WhatsApp will show you the bank account associated with your number. Simply hit Done to finish the setup process.
Using the service
How to send money from WhatsApp
Open the chat account to whom you want to send money and tap Attach (clip icon next to the camera button) and then on Payment.
Tap Continue to verify your card information and tap on Set up UPI PIN. Once you submit these details and the setup is complete, go to the Payment option, enter the amount you want to send, and tap Send.