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How To Make Payments Using WhatsApp UPI Feature

Now Make Payments Using WhatsApp UPI feature. WhatsApp has introduced a new feature in its messaging platform where its users can send and receive payments using WhatsApp.

In this post, I will share with you how you too can make payments using WhatsApp UPI. Also I will share with you what UPI is and how it works.

Making payments using WhatsApp is something very new. This will lead to the rise in cashless payments in India.

WhatsApp UPI payments will be done with the support of a number of Indian banks, including State Bank of India, ICICI Bank, HDFC Bank, and Axis Bank.

Even Paytm’s Payment bank and Airtel Payments bank support the UPI based payments via WhatsApp.

The payment feature on WhatsApp was already spotted in the beta version. But now many users are getting an option to pay using WhatsApp UPI feature.

If you too want to make payments using WhatsApp, Just get hands on to the latest version of the WhatsApp and follow the steps shown in next part on the post.

How To Setup UPI Based Payments Using WhatsApp

Here is a step by step guide that will help you to setup UPI based WhatsApp payments system on your device. After which you will be able to make payments using WhatsApp with ease.

  • Go to settings
  • Click on Payments
  • Tap on Verify via SMS
  • Now select your bank
  • Select your bank account (among all those that are linked to your mobile number)
  • Click on Done

That’s all you need to do in order to setup WhatsApp payment feature using UPI.

After you have successfully done the UPI setup on your WhatsApp, you will be now able to send and receive payments using WhatsApp.

How To Make Payments Using WhatsApp – Step By Step Guide

Just follow these steps to make payments using WhatsApp:

  • Open the chat window of the contact you want to send money to
  • Click on attachment icon
  • Choose Payment
  • Enter Amount
  • Now add a note (to caption the purpose of payments)
  • Finally Click on Send

That’s it!

Money will be sent to the the other user this way. Isn’t it a very simple and easy to transfer money online.

What is the Unified Payments Interface (UPI)?

A payment interface standardised and promoted by the Indian National Corporation of Payments where all the Indian banks that operate there are encompassed.

It serves to transfer amounts of up to 1 lakh rupees between two bank accounts using a smartphone. As you can see, it serves for almost all types of payments except possibly buying a luxury item, a new vehicle or a house.

And what’s so special about it as compared to a bank transfer or a money order? The first one is created from scratch and aims at creating an open payment ecosystem. Thus, every bank can create its own interface as it happens with the SEPA orders to redirect them through the banks.

The  UPI is designed to create payment gateways & payment apps. It even lets the banks develop their own UPI app.

WhatsApp UPI Based Payments

WhatsApp UPI based Payments are expected to dominate the Indian P2P payment market. The messaging app is highly popular among Indian users. Given its user base in India (200 million daily active users), WhatsApp may directly compete with India’s most used digital wallet – Paytm & will provide a strong competition to recent entrant to the market – Google TEZ.

Now we can send money to our whatsapp contacts. What do you think of this feautre? Do tell us in the comments below. Are u going to make payments using whatsapp?

Faiez Ajaz

Tech lover, Story Teller, Writer and a Business Student. You can follow him on Facebook and Instagram.

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