WHATSAPP PAY- INDIA GET READY FOR A NEW TREND IN DIGITAL PAYMENT .
WhatsApp has created the necessary data storage facilities in India to introduce WhatsApp Pay to the chat app’s entire Indian user base, which is estimated to be between 350 million and 400 million users, according to The Economic Times.
HOW DOES WHATSAPP PAY WORK?
The WhatsApp Pay feature is only available in India and the transactions will be done via Unified Payments Interface. WhatsApp is testing a new feature that lets you send digital payments to your family and friends like you would send a photo or file or any other attachment.
IS WHATSAPP PAY SECURE?
WhatsApp Pay, which is facilitated by the Indian government’s secure UPI payments system, transfers funds directly between users’ bank accounts, in real-time.
How to set up WhatsApp Payments
- Go to WhatsApp Settings and tap on the Payments option.
- Select the Add New Account option present inside the Bank Accounts header.
- Now tap on Accept and continue after reading all the terms and conditions.
- Select the Verify option via SMS and follow all the prompts to send an SMS for starting the UPI linking process.
MANY SOCIAL PAYMENT FORUMS SUCH AS PAYTM, PHONE PAY, AMAZON PAY, etc MAY FACE A GREAT SET BACK AFTER THE SUCCESSFUL LAUNCH OF WHATSAPP PAY AS WHATSAPP IS MORE USED THAN ANY OF THE ABOVE GIVEN PLATFORM.
SO, IT’S TIME TO WATCH THE UPCOMING EMPIRE OF DIGITAL TRANSACTION AND TO SEE THE FALLING KINGDOM OF EXISTING FORUMS.😅😅😅