Since last year, WhatsApp has been working out to launch the Payments app. And now, it is all set to get rolled out on Android as well as iOS. Gradually, the payment app is getting rolled out and it is likely that many users will make the most of it in the coming weeks.
Just like sending text messages, making payment through WhatsApp payments is going to be very easy. On completing the setup, users can easily send money to the other individuals on WhatsApp.
Across India, WhatsApp enjoys a very strong user base of almost 250 million. So, with the introduction of payment option between users, the messaging application wil surpass all the other digital applications..
Paytm has 180 million users
Google Tez has 12 million users after having launched 4 months ago.
Either of them are UPI based payment applications.
Coming on to WhatsApp payment option, it is not applicable to all the users. Those who have got the feature can introduce the same to the other users. As of now, this UPI payment option will only be available for merchant interaction and only individual accounts can make use of it.
For this, the users need to get their individual accounts linked with the application. For this, it is necessary that the WhatsApp number and registered mobile number with the bank account are the same.