WhatsApp Pay now available for users in India

WhatsApp announced that the feature will be available in India starting today. WhatsApp in its blog has mentioned that it wants to make money transferring as easy as sending messages on the app. India currently has many payment apps including Paytm, PhonePe, Google Pay among others.
WhatsApp has designed its payments feature in partnership with the National Payments Corporation of India (NPCI) using the Unified Payment Interface (UPI), an India-first, a real-time payment system that enables transactions with over 160 supported banks.
WhatsApp has partnered with five leading banks in India including ICICI Bank, HDFC Bank, Axis Bank, the State Bank of India, and Jio Payments Bank. “To send money on WhatsApp in India, it’s necessary to have a bank account and debit card in India. WhatsApp sends instructions to banks, also known as payment service providers, that initiate the transfer of money via UPI between sender and receiver bank accounts,” WhatsApp said. People can also send money through WhatsApp to anyone who is using an app that supports UPI.

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