India is a huge market for WhatsApp. It has quite 500 million users here. Its direct competition within the digital payment sector is with Paytm, Google Pay, PhonePe, and Amazon Pay. On Thursday, WhatsApp said that the company has now added the Rupee symbol to its chat composer. But Many users did not receive the feature immediately after it went live even after updating their app several times.
WhatsApp Payment feature now rolling out to more Indian users, After the WhatsApp Pay feature now rolling out to more Indian users seem to be getting it finally.
The company said that adding ₹ symbol will make it easier for users to send payments through the messaging platform. Also, let us tell you that with the camera present in the composer, users will now be able to scan any QR code to make payments at more than 25 million stores across the country.
How to set up, send and receive money via WhatsApp Pay
- The first step is to open WhatsApp and click on the three dots on the top right-hand side of the app,
- Select the ‘Payments‘ option, then select ‘Add Payment Method‘,
- Select the bank, then tap Continue to verify your debit card information,
- Now, enter the last 6 digits of your debit card number, with the expiration date,
- Now, set up UPI PIN, You will get an OTP hat may be pre-filled.
- Create a UPI PIN, Now enter it under SETUP UPI PIN and tap Submit.
- Once UPI Setup is complete, then tap Done.
Here’s how to send money through WhatsApp Payment
- Open the chat with whom you’d like to send money.
- Tap Attach and then Payment.
- Enter the amount you’d like to send.
- Then, enter a description(if needed) for the payment and tap Send.
Speaking at the Global Fintech Festival (GFF), Manish Mahatme, Director of Payments, WhatsApp India, said that the company believes that with the introduction of the new symbol, it will be easier for users to make payments. Because now they will not have to go to the settings before making the payment. Along with this, he also said that the rollout of the ₹ symbol has been started and it will be available to all the users of India in the coming weeks.
In the year 2018, WhatsApp started testing India UPI-based payments service. This testing was limited to only 1 million users. Because the company was waiting for approval from the regulatory body.
In December last year, WhatsApp announced the launch of the payments service in the country after getting the green signal from the National Payments Corporation of India (NPCI). NPCI had given permission to WhatsApp to start its payment service in the country in a ‘graded manner’. It has been started with 25 million users.
When asked about the 25 million caps, Mahatme said he is now working with NPCI to gradually take this number forward. Our focus is currently to make the WhatsApp payment feature popular among people.