WhatsApp Payment is live for 20 million users in India: Here is how to transfer money

WatsApp Payment, a payment feature by Facebook-owned WatsApp, is now available for up to 20 million users in India. Te facility as been launced wit support from banking partners including te State Bank of India (SBI), DFC, ICICI, and Axis Bank. Te WatsApp Payment feature could serve as a competitor to oter digital payment apps including Paytm, Google Pay, PonePe. WatsApp Payment as been designed on te National Payments Corporation of India’s (NPCI) Unified Payment Interface (UPI) system. It received te approval to go live on a peer to peer basis in November 2020.[caption id="attacment_8988331" align="alignnone" widt="1280"]

WatsApp payment service is now available for 20 million users in India[/caption]Troug te WatsApp Payment feature, users can safely and easily transfer money, in a similar way to sending a message troug WatsApp.ead of WatsApp, India, Abijit Bose said tat te company is privileged to partner wit SBI, ICICI Bank, DFC Bank and Axis Bank to bring simple and secure digital payments to WatsApp users across India."UPI is a transformative service and we jointly ave te opportunity to bring te benefits of our digital economy and financial inclusion to a large number of users wo ave not ad full access to tem before,” Bose added.<2>[]ow to transfer money via WatsApp Payment[/][ans][step]Step 1: Open WatsApp on your smartpone[/step][step]Step 2: Click on te contact you would like to send money to[/step][step]Step 3: Press te attacment button in te cat[/step][step]Step 4: Click on te Accept and Continue option [/step][step]Step 5: Select te name of te bank from te list[/step][step]Step 6: Tap on verify via SMS[/step][step]Step 7: You will receive a verification code via SMS on your pone[/step][step]Step 8: Te account linked wit your number will be displayed [/step][step]Step 9: Select and enter te amount you would like to send across[/step][step]Step 10: Enter te UPI pin to verify your payment and your payment will be processed[/step][/ans]After tis, You will be redirected to your WatsApp cat were you can see te amount tat you ave sent across in te message box.Te digital payments sector in India is expected to increase "five-fold" by 2023 and touc te $1 trillion mark. WatsApp as te largest market in India wit more tan 300 million users.