WhatsApp payment feature has been rolled out in India. The feature is based on the Unified Payments Interface and is already on both Android and IOS.
The feature will allow you to send money straight to the bank account of another WhatsApp user directly. However, this feature is still now available for merchant services yet. To send money to a merchant you will have to save the vendor’s contact and send him or her funds just like any other normal WhatsApp user.
The new update is already out and for you to have it all you have to do is to update your WhatsApp to version 2.18 and it will be paramount to have one of your contacts using the feature for it to be active on your phone too.
To set up your WhatsApp payments here is what you have to do
- Go to settings and tap on “Payments” option
- Add your new bank account
- Accept terms and conditions and verify your phone number.
Note that the payments only work with the phone number that you have registered with your bank.
Once you verify your phone number the WhatsApp Unified Payments Platform will list bank accounts associated with your phone number and allow you to enter your preferred account and details of your debit card to create a Virtual Payee Address which is a process very similar to activation BHIM app where all banks are supported.
When sending money to a friend on WhatsApp ensure that your respective friend has the feature on his WhatsApp as well. Tap the attachment icon to see the payments option and follow the steps to send money.