WhatsApp, the world’s highly popular messaging giant entered digital payments space by integrating UPI in its payment platform. It allows users to send and receive money from other users on WhatsApp. However, the wider rollout for mass audience was delayed due to legal troubles, especially with Facebook’s data sharing policy with third-parties. Now, after months of testing, the company has reportedly opened up the service to all users.
A report by Entrackr states that the instant messaging giant has started the mass rollout of WhatsApp Payments feature. It’s surely an interesting addition for WhatsApp considering the number of users it has on the platform. However, WhatsApp told BGR India that the messaging startup has not rolled out payments to all of its users in India. A spokesperson confirmed that the company is still doing beta testing for payments features and has not set a launch date for the service.
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The WhatsApp Payments setup procedure is pretty simple. You just need to link your bank account with the phone number, and authenticate using the OTP. Once all that is done, you can then send and receive money while chatting with other users on the platform. You can even send money by scanning QR Codes.
One thing that sets apart WhatsApp Payments from other solutions such as Google Tez, BHIM and others is the Rs 5,000 limit per transaction. There is also a request money feature where you can request for money from other users on WhatsApp. Now, while the payments feature is a good addition, it remains to be seen how many people actually end up using it regularly.