Whatsapp is set to add an online payment gateway to its app. This feature is set to officially launch this year 2019, beginning from India because they are the App’s biggest market in the world with over 400 million users.
Whatsapp has been planning to launch this payment system back then in 2017, but one thing led to another, they didn’t. The payment system will be a best alternative to Google Pay, Amazon Pay, Paytm, PayPal etc.
What Is Whatsapp Pay Payment System?
WhatsApp payment system will allow you to send money to friends and family over text and allow you receive money as well. WhatsApp Pay would make sending money as easy as sending a message, and the company is looking forward to launch it in other international countries after India.
According to Whatsapp, they said;
WhatsApp Payments will make it as easy to pay someone on WhatsApp as it is to send a message. Payments services are critical to accelerating financial inclusion and bringing millions of people into India’s fast-growing digital economy. We can’t wait to provide this service to our users across India this year.
The payment system is made possible via a UPI which enables users to send and receive money easily. With the new service, users can now link their bank account to their WhatsApp account via Unified Payments Interface (UPI) and begin making payments straight to another user’s bank account through a WhatsApp chat.
How To Send Money On Whatsapp
Users can locate the payment option in WhatsApp by tapping on the attachment icon. After that, users will see the payment option along with other options such as document, gallery, video etc.
A list of banks will appear on the screen and you then have to select the bank account that is being linked. After selecting the account, you will just have to verify it before proceeding to send the money.