Back in 2018, WhatsApp started testing its installment administration in India. The test required around 1,000,000 WhatsApp clients in India and it exploited India’s UPI (Unified Payments Interface) framework to send and get installments. The organization, however, failed to get endorsement from the National Payments Corporation of India (NPCI); to turn it out to everybody in India.
In the wake of pursuing for right around two years, WhatsApp at last got endorsement from NPCI before today. The administrative body has permitted WhatsApp to reveal the installments administration in a “evaluated way”. NPCI further noticed that WhatsApp can reveal the support of just 20 million clients; and needs to work with numerous banks. Alongside allowing endorsement to the messaging app, NPCI likewise reported that it will cover UPI exchanges by a solitary application to 30% in an offer to forestall syndication by a solitary organization. At present, Walmart’s PhonePe app sits at an agreeable 40% piece of the overall industry. India’s UPI foundation has seen quick development; on account of India’s transition to negate practically 85% of the paper money in 2016.
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The messaging app is yet to comment on the announcement; and has not clarified when it will start rolling out the payments service in India. However, if you are lucky enough to get early access to the payments service then you can follow the steps below to link your bank with the messaging app and send money to your contacts:
- Open WhatsApp and select a contact. Tap on the ‘attachment button’ at the bottom.
- Select ‘Payment’
- Select your bank from the list of banks
- And select ‘verify via SMS’ to verify your bank account linked to the phone number. You may also get an option to select the phone number if you have a dual-SIM phone. Ensure you select the number that is linked to your bank account
- Once done, you will see the list of bank account(s) that are linked to your phone number. Select the account that you want to use and you ready to send or receive payments