WhatsApp Pay has been in beta for a long time, but it only nodded from the Indian government in November last year. Despite this, the Facebook-owned messaging app didn’t make major new changes to its payment service. It is finally changing.
According to WABetaInfo, WhatsApp introduces a new payment button in the text box that should focus more on a payment function that has been in use for a long time. New WhatsApp Pay shortcut will help you send payments quickly helps for users.
- WhatsApp Pay button is rolling out to Android users running the beta version of the app.
- It allows users to quickly send money to other WhatsApp Pay users via UPI.
- If you want to try out this new feature, you can enroll in WhatsApp beta to get early access.
The Payments button is located next to the attachment in the chat text box. Previously, the payment button was hidden behind attachments.
According to the report, the Payments button is available to Indian users with WhatsApp beta Android 2.27.17 and later. It will be further developed for iOS and will be released later.
What is WhatsApp Pay?
To my recollection, WhatsApp Pay was first introduced in November 2020, and it’s yet another way to transfer money to your contacts, pay your electric bills, recharge your phone, and more. It uses the UPI platform adopted by the National Payments Council of India and competes with Google Pay, PhonePe, Paytm, and the like.
How to register for WhatsApp Pay
To begin, make sure you are on the latest version of WhatsApp. Check the Play Store or the App Store for an update.
- Open WhatsApp and click on the three dots menu at the top right corner.
- Now, click on ‘Payments’.
- Then, click on ‘Add payment method’.
- Now, select the bank that you have an account in.
- WhatsApp will then verify your phone number and show your bank account.
- Click on your bank account and then, click on ‘Done’.
- You will now be able to see your UPI ID, your payment history, and your linked bank accounts.
How to send money using WhatsApp
WhatsApp allows you to send money only to contacts who have registered for WhatsApp Payments. If you try to send money to a contact who has not enabled the service, you will have the opportunity to notify the user that they can accept payments.
- Open the chat of the user to whom you wish to send money.
- Now, click on the attachment button near the chatbox.
- Now, click on Payments.
- Enter the amount and you can also add a note for the payment.
- Now, click on the send button.
- Then, enter your UPI PIN to approve the payment
Attempts to change gears now
Although WhatsApp Pay handled 0.81 million UPI transactions in December, valued at 29.72 billion rubles, its competitors PhonePe and Google Pay handled 902.03 million and 854.49 million UPI transactions, respectively.
One of the main reasons why WhatsApp Pay has not gained popularity is that NPCI has limited the total number of UPI transactions for third-party application providers to no more than 30 percent.
In addition, as a pilot project, WhatsApp limited the introduction of the WhatsApp Pay feature to only 10 million users. Although this number was later raised to 20 million, it is again a fraction of the total user base of the platform in the country. Now with aggressive face integration, WhatsApp wants to remind users of WhatsApp Pay and wants to use it as its primary payment service