You can now WhatsApp money

Posted In News - By Tech Joggle on Friday, April 20th, 2018 With No Comments »

Admittedly, most of us know WhatsApp as an app to chat then it ends there. Few weeks ago the WhatsApp business feature was added for businesses to interact with customers easily by using tools to automate, sort, and quickly respond to messages.

Photo: Bloomberg

Now, did you know you can send money via WhatsApp if you are in India? Well, WhatsApp has launched a feature which will allow users to send money while chatting. This was made known by the National Payments Corp of India. India has WhatsApp largest users, about 200 million.

To enjoy the payment feature below are 3 simple steps to follow.

1, Find a payment option

Open WhatsApp. If you use an Android phone, click the three dots on the top right of the app screen. In the pop-up that opens up, one of the options would be Payments. Click it. On the Payments screen, you will be prompted to link your bank account to WhatsApp. If you use an iPhone, the Settings option is at the bottom of the app.

2, Link your bank account

Click ‘Add new account’ option in the Payments screen. This will take you to the Terms & Conditions page. Once you accept these, you will be asked to verify your phone number. Provide the number that is linked to your bank account. The verification will happen over SMS. Once verified, WhatsApp will display the names of banks linked to UPI. Once you choose the bank, you will get the details of the account linked to your phone number. For security purposes, the entire account number will not be displayed. Typically, you would see the bank name and last four digits of your bank account displayed. If you have multiple accounts with the same bank, all of them will be shown. Choose the one you want to link to the app. Next, verify your debit card details, using the last six digits of your debit card and its expiry date.

3, Set up UPI

After you verify the details, you will be prompted to set up a PIN for UPI, and the bank will send you a one-time password (OTP) to do this. The OTP for doing this is usually a six-digit number, which will reach you over an SMS. In the next page, enter your OTP and your new UPI PIN. You will have to create a four-digit UPI PIN.

After you create and confirm the PIN, you will get a message that your UPI set-up is complete. You will also get a confirmation via SMS. From here on, your Payments screen under the Settings option will display the bank details linked for payment. You can then start sending and receiving money.




About -