WhatsApp Payments – How to send and receive money?

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WhatsApp Payments feature based on UPI is already live for some users in the beta version. How to add banks to WhatsApp Payments? How to send and receive money using WhatsApp Payments? Let us see the feature in detail.

It is said that this feature is available on WhatsApp version 2.18.21 for iOS, and version 2.18.41 for  Android. WhatsApp is the platform on which the payment process is enabled. The payment option uses the UPI interface, which is regulated by the Reserve Bank of India through its payment subsidiary NPCI. As of now, 72 banks are live on UPI.

WhatsApp Payments - How to send and receive money?

What is WhatsApp Payments?

This is the peer-to-peer payment option. Hence, you can’t use this for merchant payments. As I said above, it is UPI based platform. The money will be directly credited to recipient’s bank account.

Also, as you are sending money to WhatsApp user who has linked his phone number with the bank account and UPI, there is no need to enter the VPA (Virtual Payments Address) or bank account number or IFSC code.

Who can use WhatsApp Payments?

  • You must have WhatsApp app on your phone.
  • Both sender and receiver should be running the latest WhatsApp version as well as have WhatsApp Payments option enabled.
  • WhatsApp number should be same as your mobile number linked to your bank account with UPI option support as well.

Unable to find WhatsApp Payments Option- How to get it?

As this is the newly added feature and also in its beta version, many of us may not find this payment option in our mobile. However, you no need to worry about this.

If your Whatsapp is not enabled for payments, you can WhatsApp a request to XXXXXXXXXX to get WhatsApp Payment invite, or click this link: http://bit.ly/WhatsAppInvite and wait for an hour.

How to link Bank Account to WhatsApp Payments?

  • Open WhatsApp
  • Tap on three dots on the top right corner
  • Tap on settings
  • You will see the option “Payments” just below notification and tap on that.
  • On the next screen tap on “ACCEPT AND CONTINUE”.
  • This will ask you to verify your mobile number using SMS, tap on “VERIFY VIA SMS”.
  • App will send you an SMS and use the same and complete the verification process.
  • Now you will see a list of all UPI supported banks. The format is usually the bank name and the last four digits of your bank account.
  • If you have multiple accounts within the same bank, it will show multiple options. Pick the one you want to link to the app. Select your bank.
  • App will fetch details and show your bank account number.
  • After this, you will see the message saying setup complete.

How to change or delete bank account in WhatsApp Payments?

Use this feature if you have multiple bank accounts and want to add, change or link another bank account.

  • Open WhatsApp
  • Tap on the three dots on top right and tap on Payments.
  • Tap on “add new account’ and you will see the list of banks.
  • Once you select your bank account, it will fetch details and add the account.
  • You can either set up this account as your primary account to send and receive payments or you can remove also.
  • By tapping on bank, you will see the option of setting the bank as primary or secondary bank to receive or send payment.

WhatsApp Payments – How to send and receive money?

The best feature of WhatsApp Payments is that you can send money to your friends using individual chats, or you can send money to your friends in a group too. The process to send the money is explained as below.

WhatsApp Payments- How to send money?

  • Open individual chat (to whom you want to send money).
  • Tap on the “Clip” icon and there you will find the option “Payment”. Just click on this payment option.
  • If the receiver has latest WhatsApp version and bank account configured, you can enter the amount followed by a note (a message) and tap on the send button.
  • It will ask you to enter 4 digits UPI pin.
  • Once you enter and authenticate then the money will be sent.
  • You will also get the details of the transaction from your bank as an SMS.

The process to send the money in a group is also same like above. You just have to select a person in a group to whom you want to send the money.

Once the transaction is complete, WhatsApp will notify the user about the money sent to a contact. You can also keep a track of Payments from within the WhatsApp, by using the Payment history option.

WhatsApp Payments – How to receive money?

Whenever someone sends you money, WhatsApp will send you a message. You may check the bank details for your confirmation of money received.

Do note that as of now this option is available to few users. Because WhatsApp is still testing the features in the back-end. However, you can check the Payments option in WhatsApp. But it is surely rolled out to all users within few days. Let us wait and watch 🙂

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6 Responses

  1. Hi Basavaraj,

    Nice article on WhatsApp money transfer, do you have any idea when its possible to send peer to peer payment from US to India

    Thank you for your help

  2. Dear sir

    I tool personal loan From HDFC bank and submitted the nach to icici bank.

    But repeatedly icici bank is claiming that my drawers signature differs and it is getting rejected.
    Can please tell me the alter native the methods to overcome from this issues.

  3. Very nicely defined, new payment method provided by Whatsapp. But there is the question is it beneficial and secure than Bhim.

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