India’s Payment Revolution: WhatsApp P2P Payments Now Live

In accordance with earlier info, WhatsApp user to user payments are done trough UPI or Unified Payments Interface – India’s popular digital payment system, already adopted by all major banks and even some services in the country.

The implementation appears to be very simple and straight-forward. WhatsApp is getting a new “Payments” tab in its settings menu, where you have to enter and verify your bank info and agree to a few service and privacy policies. The menu also holds a detailed log of your payment history, including the two parties and the bank involved. 

The payments themselves are handles seamlessly as in-chat attachments. Pretty neat and a great step forward in aiding India’s drive towards a cashless digital economy. The new payment system could indeed go a long way in popularizing UPI and the push towards convenient and secure digital transactions.

However, WhatsApp’s support for payments is highly anticipated because of the app’s huge popularity among Indian users. India is WhatsApp’s largest market with over 200 million users active daily users.

See below Image, After accepting Terms and Conditions you have to verify your bank account and phone number.

Whatsapp Payment UI Interface

If you are keen on test-driving the feature, you need to be signed up to be a WhatsApp beta tester (use this link) and have an account at one of the supported Indian banks, which include Axis Bank, State Bank Of India, Yes Bank, ICICI Bank, and plenty more. Of course, you need a qualifying buddy to go through the same process and might have to wait a bit for the staged beta rollout to hit both your devices. On successful signup you will see message as given in belwo image, just follow instruction and enjoy this feature.

We understand that WhatsApp will let users know when P2P payments becomes more widely available in India, after the best testing phase completes.

Comment your predictions and future possibilities about this #WhatsappPayment.