With the launch of Reliance Jio in 2016 and the pioneering of Digital India program by our Prime Minister, digital transactions took a leap in our nation. The current pandemic situation and the rise in preference for contactless transactions had provided further momentum to platforms facilitating digital payments.
Although the present market conditions may be saturated offering digital payments services but the latest entry in this list is that of Whatsapp Payments integrated with the popular messenger, Whatsapp.
Whatsapp Payments is based on National Payments Corporation of India’s (NCPI) Unified Payments Interface (UPI).while the popular payment platform Google Pay offers users to buy gold or like PhonePe allows users to pay utility bills, Google Pay is solely dedicated making payments between individuals. Axis Bank, HDFC Bank, ICICI Bank and State Bank of India are the prominent banks that the messenger has tied up with for its new line of service.
Users can set up their UPI id by following the steps below:
- Users need to open Whatsapp on their mobile phone
- Next, they have to tap on the three dots on the top right corner.
- After which users need to select the Payments option.
- Further, they have to select the Add Payments option.
- A list of the devices supported for the service will be shown and users can check whether or not their device is eligible for the service.
- If your device is eligible, the next page will showcase a list of banks.
- Users may select the bank in which they have their respective bank account and as well as the one they would like to link to the platform. The criteria for it being that the bank account should be linked to their mobile number.
- Users will be prompted to verify their mobile number. They should tap the ‘Verify via SMS.’
- Once your mobile number is verified all the bank accounts linked to that number would be displayed and you can choose the account you wish to link.
- With this, you can tap on the ‘Done’ button as your account is created.