Whatsapp Launches Payment Feature in App to Take on PayTM – All You Need to Know

A new feature has been added to the Instant Messenger app Whatsapp and the new feature is Payment Feature. The Whatsapp users in India can now transfer and receive money from the app. This can be done via app by using UPI. UPI is Unified Payments Interface. Whatsapp has started rolling out the new feature on all Android and iOS devices. Not all the phones have received the update but soon it will be available for all the smartphone users.

With the UPI users can send money directly from his/her bank account to the other person bank account. You just have to enter the bank account number and IFSC number of the receiver. With the UPI there is no need to add cash to the wallet of the app or the use of the debit card for the transaction.

Whatsapp Payment Feature – How It Works

You can now send money to anyone who is in your contacts via Whatsapp Payment Feature. The Payment feature in Whatsapp can be accessed in the Setting option. In the setting, page click on the Payments options. After that a new verification page will be open and where users will have to enter the mobile number linked to the bank account.

If you are presently using the UPI will not have to link the bank account again. In this case, users will have to verify their number with OTP and then have to create a 4-digit UPI PIN. This UPI Pin will be required for every transaction. After that, the bank accounts will be displayed on the payment page. This is the whole process. Now to send money to anyone, users will have to open the chat window of the person and then click on the attachment icon or the paper clip icon (the icon which is on the right side of the chat window). After clicking on the payment button, a new page will be open where you can enter the amount.

Other Payment Gateway Apps 

There are many apps available on the Google Play store with which you can send or receive money. The most popular apps to transfer money are Paytm and Google Tez.

Paytm – Paytm can be used to send money to any person by entering the Bank details of the person. If you are transferring money via Paytm UPI then you will have to first link your bank account with Paytm. After that, you can transfer money by clicking the Paytm Bhim UPI. In the Paytm Bhim UPI, you can request money and Send money. To transfer money click on the Send Money option and then enter the UPI Address or Bank Account or the Aadhar Number of the person. If you are entering the account number to transfer money, you will have to enter the bank account and IFSC number, After that you will have to enter the UPI Pin and then proceed further. The amount will be debited directly from the bank account.

Google Tez – Google Tez is also one of the best apps to transfer money to friends and family. This app also provides cashback in the form of the scratch card. If you are transferring money to a Google Tez Account user then you will just have to choose the contact and in other cases will have to enter the account details with IFSC. The best thing is you will get a scratch card and in that, you will get some amount which will automatically be credited to the Bank account. Another best thing is in this app is if you invite a friend on Google Tez then you both will get Rs.50 directly into the bank account. This will only happen if the person you are inviting will enter your invitation code.



A believer in 'less talk and more work', Sushant is a geek and gadget freak. A content analyst, strategist, graphic designer and a blogger. To follow his posts and stay updated, you can reach him at hello@chandigarhmetro.com
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