What is WhatsApp Pay? WhatsApp Pay Review

WhatsApp Pay is a UPI-based payment service launched in India by the world's largest social network Facebook in February last year. WhatsApp users can link their UPI-enabled bank accounts and transfer money through the messaging app. WhatsApp supports all popular banks like HDFC, ICICI, State Bank of India, Axis Bank and even Airtel Payments Bank.

How to Enable

WhatsApp Pay is not available for all users in India. WhatsApp bETA users are most likely to have the feature on their app. To start using the service, WhatsApp Pay users need to initiate a payment to a contact. Once the request is received, users can set up their UPI account on WhatsApp. Users can then send and receive money on WhatsApp.

How to use

WhatsApp Pay is as easy as sending photos and videos on the app. Users can send funds directly through chat by tapping the shared file icon in the chat bar and selecting "Pay". There is a dedicated "Payments" section under the quick menu. Users can view their transactions, history, and account details here.

Trading Model

In the initial phase, WhatsApp Pay allowed users to send money only to their contacts, after which it enabled UPI IDs. WhatsApp Pay users can enter their UPI IDs and send money. In late March, WhatsApp launched QR codes for its payment service. Every WhatsApp Pay user has a unique QR code that users can scan and send money.