![]() ![]() Simply put, it is an in-chat payment feature that allows you to send & receive money from anyone on your contact list. ![]() WhatsApp Pay is a Unified Payments Interface (UPI) platform that enables bank-to-bank transactions via a smartphone. Let's try to understand the what, the why, and the how of this new UPI-enabled payment app - WhatsApp Pay. WhatsApp Payment is doing its best to make a name for itself in India and Brazil even though it is entering the market after larger players such as Google Pay, Paytm, PhonePe (owned by Walmart), and more.Īfter gaining approval from the NPCI (National Payments Corporation of India) to expand its digital payment platform, also known as WhatsApp Pay, Meta is gearing up to get a piece of this pie. ![]() India is actually the fastest-growing digital payment market, which means the competition is fierce. Yes, WhatsApp Payment features are only available in India, Brazil, and select users in the US for now. In this article, we will outline how to setup WhatsApp Pay, provide a step-by-step guide to sending and receiving money through the app, and alternatives to transferring money internationally. Recently, WhatsApp released a new feature of their app, allowing users to have a digital wallet which allows for sending and receiving money instantly and securely with no fees. Did you know that WhatsApp messenger currently has approximately 2 billion monthly active users, outranking Facebook at 1.3 billion and WeChat at 1.2 billion? That is a lot of users! WhatsApp is a secure messaging system used by people all around the world. ![]()
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