How To Set Up Whatsapp Payments To Send, Receive Money

Step By Step Process In case you’re highly dependent on online payments but don’t wish to download an additional app for it on your smartphone try out WhatsApp

What Is WhatsApp Pay?

Basically, WhatsApp Payments is based on National Payments Corporation of India’s (NCPI) Unified Payments Interface (UPI). 

First of all, WhatsApp Payments is dedicated only for peer to peer payments compared to Paytm, which also has a wallet for people to store money and Google Pay that lets users make payments of bills, buy gold and more. 

For implementing these services, WhatsApp Payments has partnered with some major banks in India like ICICI Bank, HDFC Bank, Axis Bank and State Bank of India. How To Setup WhatsApp Payments?

Let’s go through the steps to set up the WhatsApp Payments and link it with your bank account. 

1. The first step, open WhatsApp on your smartphone and tap on the three dots located on the top right corner.

2. Now tap on the ‘Payments’ option and then select the ‘Add payment method’ option.

3. Further, this will show a list of supported devices, now select the bank where you have an account. (The account should be linked to mobile number)

4. Afterward, the app will then ask to send a verification message from your phone. 

5. Now tap the ‘Verify via SMS’ button and after verifying, it will show all your accounts in the bank that are linked to your number. 

6. Next choose the one you want to set up for the app to use, tap done and your process of setting up your account is done.

How To Transfer Money Using WhatsApp Payments?

There are two methods for doing this, let’s go through them one by one.

Method 1 –

1. First Of all, select the person’s chat you want to send money.

2. Now select the attachments option and then tap on ‘Payment’ option.

3. If you have already set up WhatsApp Payments then you will see a screen where you can send and request money.

4. Now, enter the amount and add a note if you want and then hit next.

5. Next, it will take you to a screen where it will ask you to enter your UPI pin. 

6. In case you do not have one it will guide you through creating one.

7. Now, enter your UPI pin and you are done.

8. In case, you are requesting money, tap on request and wait for the person to accept your request.

Method 2 – 

1. Firstly, tap on the three dots on the main page of WhatsApp and open the payment option.

2. Now tap on the QR code showing next to your name to show your QR code using which people can send you money.

3. Now select the new payment option located on the bottom right of the display.

4. Next, select a contact or the ‘Send to a UPI ID or Scan QR code option and the rest of the process remains the same as above.

Author: Hisham Kabir
An MBA with 18+ years of experience, spanning senior roles across multiple industry verticals as an account manager with B2B Sales & Business Development in Events and Marketing, Food Buying sourcing and procurement, FMCG, New Product Development, F&B, Catering & Banquet, End to End Event Operations Management. LinkedIn sales navigator expert. LinkedIn helper2 sales automation and Zoho CRM. Extensive functional expertise in successfully managing end-to-end aspects of F&B operations spanning the front and back-office operations within budgeted guidelines and to the highest standards. People Management – Experienced in recruiting, training and managing F&B teams - Most recently managed a 50+ strong cross-functional team. Proven track record of managing 400+ catering events including numerous high-volume corporate and social events with more than 5000 pax. Further to MBA, completed a Management development programme in sales management from IIM which is among the leading business management school in India. Later ventured into independent entrepreneurial business by launching and retailing a ready-to-cook food gravy paste brand using retort technology called freedom kitchen. With significant insights into front-end retailing and a strong background in the Retail Industry, I shifted to Corporate Path by joining a food-based FMCG company as part of their rural market expansion.  My expertise is in operational excellence, channel sales development, team management, client relationship development, and Event Operations Management. large ticket banquet Management, Menu planning, costing and P&L, and people management. Driven by a passion for advertising have conducted an exhibition titled walk through the history of Volkswagen beetle. where I showcased several print ads released by Volkswagen Beetle in North America from 1958 to 1971. You can follow blogs on www.buyologist.in dealing with trends in marketing and advertising and behavioural economics.

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