Sunday, 17 June 2018

Whatsapp Payment: Transfer money from Whatsapp : A complete guide on Whatsapp Payment option |Step by Step method

Whatsapp Payment:Transfer money from Whatsapp : A complete guide on Whatsapp Payment option |Step by Step method

Now Whatsapp is not only a messaging or chatting app but it has started offering transfer of money from one bank account to another bank account through UPI (Unified Payment interface) and NPCI (National payment corporation of India). Whatsapp pay has emerged as major threat to its counterpart phone pay, paytm and many more. Whatsapp has launched its payment option initially with 1 million its user and planning to launch with all across India among 200 million user coming days. Whatsapp has launched this digital initiative in collaboration with Axis Bank, ICICI Bank and HDFC bank. Now we will see how Whatsapp payment option works:





What are pre-requisites to use Whatsapp payment option?
1.      An android mobile with Whatsapp application installed and registered.
2.  Mobile number of Whatsapp application should be registered with your bank account.
Process of Using Whatsapp Payment:
v  Open Whatsapp on your mobile
v  Go to setting option of Whatsapp
v  Click on payment option under setting of Whatsapp application
v  Select bank in which you have account
v  After selecting bank name, account number will be displayed
v  Select account number and proceed
v  Now you will be asked to enter your debit card number and expiry date of your card
v  After entering all these details, you will be asked to enter OTP from your mobile phone
v  Now you have set UPIN for your account.
v  Now you are ready to send and receive payment from anyone through Whatsapp.




All these steps may be skipped if you are already using any UPI app like BHIM, SBI BHIM Pay, PAYTM, PHONEPAY etc.


Also Read:

What Is Form 15G 15H| How To Submit Form 15G/15H Online| How To Save Tax/TDS| TDS On Fix Deposit |




How to transfer fund using Whatsapp payment:
1.      Open chat of person in your Whatsapp application to whom you wish to send money.
2.      Click on attachment option at bottom (Option we used to use to send picture through Whatsapp)
3.      Select payment
4.      Enter amount , Click on send option
5.      You will be asked to enter UPIN of six digit
6.      Payment completed
Sending money though Whatsapp is as easy as sending picture to anyone.

Also Read: 

Almost 1 million people 'testing' WhatsApp payments service in India





Don’t have Whatsapp payment option in my mobile
Now it is possible that payment option does not appear in your Whatsapp application. If it happens then you need to search a Whatsapp of a friend who has payment option in his Whatsapp. Ask him to send you any amount like Re. 1.00 or any amount. You will now be able to see Whatsapp payment option in your mobile.

This is how you may transfer money using Whatsapp payment option. If you have any question, please comment your questions and share it with your friend and family member.

Please do not share your password, PIN or any personal details with anyone.




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