WhatsApp and the National Payments Corporation of India (NPCI) reported that WhatsApp would begin working on UPI installments administration. As indicated by a blog entry by WhatsApp, "WhatsApp planned our installments include an organization with NPCI utilizing the Unified Payment Interface (UPI), an India-first, the ongoing installment framework that empowers exchanges with more than 160 upheld banks.
1. The Introduction to WhatsApp Payments in India
WhatsApp will make payments via UPI available on its Android, iOS, and Windows apps from today onwards. This is the fastest way for UPI-based payments, and the Indian banking system gets another entry in the digital payments sector.
WhatsApp What is UPI? The National Payments Corporation of India launched the UPI in August 2016. NITI Aayog and NPCI started a pilot project for UPI in December 2015.
UPI allows any bank in India to connect with a customer's bank account and make payments to any other bank account. Also, Read Google Tez:
The Search Giant Goes Live With Its New UPI-Based Mobile Wallet How to Make UPI Payment in WhatsApp on Android This is how to pay with UPI in WhatsApp on Android:
Open WhatsApp and click on the Payments option from the top bar.
2. What is UPI?
The Unified Payments Interface (UPI) is an installment framework that makes it simple for customers to make payments without incurring charges and access their phones.
WhatsApp payments will make it easy for customers to pay for goods and services through banks and financial institutions using the UPI payment system.
3. Is UPI Safe?
Before you use the UPI feature on WhatsApp, you might want to know the current situation with UPI. One of the major drawbacks of UPI is its security.
The Modi government has taken many steps in the last year to make it secure, but still, UPI has the credibility of being the 'security bridge between fraudsters and banks.'
It is recommended to use a virtual number or PIN linked to your bank account and mobile number for payments to avoid any security breaches.
For example, you can use your email ID or a virtual number instead of your mobile number. To set up UPI on WhatsApp, you will need to: Create a UPI ID Create a WhatsApp account Search for UPI ID in NPCI directory Visit Paytm Payments Bank's website (Paytm.
4. Step by step instructions to utilize WhatsApp Payments in India
All users in India with the latest version of the WhatsApp app (Version 2.17.157) and the version of the WhatsApp messenger from January 18, 2018, can start using the WhatsApp payments service.
If you don't see the option in the next few days, WhatsApp explains it because this option will be coming soon and will be rolled out to everyone later.
The first order of business is to download the latest version of WhatsApp Messenger to use this feature. The instructions to set up the WhatsApp payments service can be found here.
According to WhatsApp, to use the WhatsApp payments service in India, you'll need to download the latest version of the WhatsApp app on your phone.
5. Conclusion
Things have just started in India, and things will become even more interesting with WhatsApp Pay.
With this service, it will be easier for users to send and receive money from one another, and it will also be easier for the businesses that are willing to accept these payments from their customers.
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