The option to send a payment is then available from the main WhatsApp interface, in the same area where you can also share a photo, video, file, contact or location into your chat session. The payment option runs on UPI which is regulated by the Reserve Bank of India through its payment subsidiary NPCI. But in reality, they have just enabled the WhatsApp UPI feature for their friend.
WhatsApp is preparing to open its payment platform to the public in India, following a brief closed cabinet testing period, it has been revealed.
With a strong user base of over 200 million across India, WhatsApp is likely to be at advantage from the start giving tough completion to the already existing digital wallets in the country, such as Paytm, Hike, MobiKwik, government-owned BHIM to the recently launched Google Tez.
To activate the feature you need to have the latest update of WhatsApp. After receiving a message, the other user should relaunch the app and Payments will reflect in WhatsApp's settings. Gizmo Times has tried this out on Android, but it shows a "Couldn't add bank account" error message (below right).
UPI works by checking the mobile number with which your bank account is linked.
Now, you can continue to send or receive money with your friends. On the Payments screen, you will be prompted to link your bank account to WhatsApp.
The list of Banks supported on UPI is fairly comprehensive. Users have been complaining about problems with linking their bank accounts to UPI, which is to be expected considering the beta status of the feature. Next, you have to verify it with your debit card details-the last six digits of your debit card and the expiry date. Once you accept them, you will be asked to verify your phone number. In fact, it's so heavily used in that country that it's even led to issues as Indians grapple with the social norms involving daily messaging ranging from phones' storage filling up with "good morning" messages, to drama over exiting family group chats.