WhatsApp payments News

WhatsApp is offering cashbacks on transactions via WhatsApp Pay. WhatsApp Pay users would receive a total payback of Rs 105 on their future transaction. Users can get Rs 35 return if they submit Re 1 through WhatsApp Payment.

WhatsApp is offering cashback of Rs 35 for users. WhatsApp is witnessing less transaction even after having 2 billion users. Users can send any amount to their contacts in order to receive the cashback.

Both iOS and Android users will benefit from this change. WhatsApp has begun sending out app alerts informing users of the upgrade. This includes a link to a FAQ page that explains the legal name requirement.

In November 2021, the NPCI approved increasing the user cap for WhatsApp`s payment service to 40 million users. The NPCI has been giving approval to WhatsApp in a phased manner so that the competition is not stifled.

To use WhatsApp Pay, the user must first send money to contact. After receiving the request from the other hand, the user can set up their UPI account on WhatsApp. WhatsApp Pay allows users to pay money to anyone in their contacts, after which it activates UPI ID.

WhatsApp's payments functionality is currently being rolled out across India's heartland in a big way. Scammers send a link to WhatsApp users, and when they click on it, they are directed to a website that claims they may win a prize by completing a bogus survey.

Your bank account information is identified by WhatsApp using the phone number linked with your account. You should also be aware that your UPI PIN is a four- or six-digit number that you must input before making any payment. Your personal UPI PIN protects every payment you make and should not be shared with anyone else.

The pilot will aim at empowering villagers with access to digital payments through 'payments on WhatsApp'. The announcement was made at Fuel For India 2021 - Meta's annual event in India. WhatsApp India Head Abhijit Bose said the pilot aims to effect a behavioral transformation to digital payments at the grassroots.

Your bank account information is identified by WhatsApp using the phone number linked with your account. You should also be aware that your UPI PIN is a four- or six-digit number that you must input before making any payment. Your personal UPI PIN protects every payment you make and should not be shared with anyone else.

In India's digital payments market, WhatsApp competes with Alphabet Inc's Google Pay, SoftBank and Ant Group-backed Paytm, and Walmart's PhonePe. WhatsApp has almost reached its user base of 20 million for payment services. Online transactions, lending and e-wallet services have been growing rapidly in India.

Users of WhatsApp can now send money to people in their contact list. You should keep in mind, though, that you can only send and receive money after you've linked your bank account to WhatsApp Pay.

When users register for WhatsApp Pay in India, the service just verifies the phone number associated with their bank account in order to facilitate UPI-based transactions. Users are not required to provide any identity verification documents in order to make payments at this time. Users of UPI-based apps such as Google Pay, PhonePe, and even WhatsApp Pay do not need to present any documentation in order to send or receive money.

WhatsApp payments in-app Stickers have finally been launched, months later. These stickers, according to WhatsApp, are based on diverse ethnic expressions relating to money trade. WhatsApp has also teamed up with five well-known Indian female artists/illustrators to launch this new bundle of WhatsApp Payments stickers, particularly for Indian customers.

WhatsApp is apparently proposing to give incentives to users who make payments via WhatsApp Payments. WhatsApp is introducing reward discounts to encourage usage and compete with rivals such as Google Pay and Paytm. WhatsApp introduced UPI-based payments in early 2018.

WhatsApp’s new feature is called Payments Backgrounds for its WhatsApp Payments users in India. It helps users choose a relevant background while sending money to a friend or a family member. Users will be able to choose from a list of seven backgrounds that can be used for sending money on birthdays, holidays and on special occasions.

The central bank said in a statement that rolling out the service without previous analysis by the monetary authority could damage the Brazilian payments system in the areas of competition, efficiency and data privacy.

The development comes at a time when competitors such as Google have forged ahead with their payments offerings.

The support will be available in English as well as three Indian languages -- Hindi, Marathi and Gujarati.

WhatsApp said that it receives information when the messaging app provides Payments services to users.