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How to Send or Receive Money using WhatsApp: Step-by-step guide for Android and iOS

How to Send or Receive Money using WhatsApp: Step-by-step guide for Android and iOS

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How to Send or Receive Money using WhatsApp: Step-by-step guide for Android and iOS

Image Source: newslivetv.com

WhatsApp has become more than just a messaging platform; it’s now a convenient way to send and receive money seamlessly. Whether you’re splitting bills or paying someone back, WhatsApp’s integration with UPI (Unified Payments Interface) makes transactions quick and effortless. Here’s a comprehensive guide on how to send or request money using WhatsApp on both Android and iOS devices.

Sending or Requesting Money Using UPI ID

To Request Money

  • Open the WhatsApp app on your Android device or iPhone.
  • Tap the three vertical dots (Android) or Settings (iOS).
  • Select Payments.
  • Tap Send Payment.
  • Choose “Enter a UPI ID or UPI number” and input the details.
  • Tap Verify and select the Request option.
  • Enter the amount and tap Next.
  • Finally, tap Request Payment.

To Send Money

  • Follow the same initial steps to access Payments.
  • Select Send Payment.
  • Enter the recipient’s UPI ID or number.
  • Verify/Proceed and input the amount.
  • Tap Next, then Send Payment.
  • Confirm the transaction with your UPI PIN.

Sending or Requesting Money Using QR Code

To Request Money

For Android:

  • Tap the three dots > Payments > New Payment.
  • Select Scan QR Code and proceed.
  • Enter the amount and tap the Arrow icon.

For iOS:

  • Go to Settings > Payments > Request Payment.
  • Scan the payment QR code and proceed with the request.

To Send Money

For Android:

  • Access Payments > New Payment > Scan QR Code.
  • Enter the amount and proceed with payment.

For iOS:

  • Navigate to Settings > Payments > Send Payment.
  • Scan the QR code and enter the amount to proceed.

Also Read: How to Enable or Disable Google Assistant on Your Android Device

Sending Money Directly from WhatsApp Chat

  • Open WhatsApp and navigate to the chat of the recipient.
  • Tap the Payments icon.
  • Enter the amount.
  • Proceed to send the payment.
  • Confirm the transaction with your UPI PIN.

With these simple steps, WhatsApp users can effortlessly manage their finances directly within the app. Whether it’s splitting bills or paying someone back, sending and receiving money has never been easier, thanks to WhatsApp’s seamless integration with UPI.

WhatsApp Pay can Gobble Up Paytm with its Beyond P2P Platform

News, Tech News / By

Indian digital payment industry is booming, and with the platforms like Paytm, Amazon Pay, and Google Pay, people have got many choices to opt for. On 24th April Facebook-owned WhatsApp also announced that it is going to launch a digital payment service, WhatsApp Pay, in India, giving a clear message to the leaders of digital payment, that they need to brace up for a big competition.

WhatsApp-payments-india
Image Source: thenextweb.com

For now, Paytm, an almost decade-old company, backed by Alibaba, is the biggest local digital payment service in India. On the same league, Amazon has also launched its payment service recently, Amazon Pay UPI for Android customers for peer-to-peer payments, whereas, Google Pay (earlier Google Tez) has got a hold on a share of 45 million users, operating $81 billion in transactions in March. There has been also news from Apple of planning to launch its Apple Pay service in India soon.

Though Paytm has been ruling the Indian market for the past decade, with the rise of other services including Google Pay and Amazon Pay, it has become easy to believe that Whats App Pay can easily influence people with its payment services.

Since WhatsApp has been the most loved app in India, so with a user base of over 300 million in India, it won’t be tough for WhatsApp Pay to challenge the existing digital payment services. In fact, its parent company, Facebook has got additional Indian userbase of over 300 million people, which is huge, as Paytm alone entertains only 230 million users. This way launching a peer-to-peer UPI based payment service will easily attract most of its users as it will be easy for them to transact on WhatsApp.

“Indians love WhatsApp and will love the convenience of transacting through the app. I foresee a trend wherein entrepreneurs and small and medium enterprises start embracing and using WhatsApp Pay. This will contribute to, and increase their creditworthiness. In turn, this trend will enable them to easily borrow credit from formal sources, such as banks.” Prabhu Ram, head of the Industry Intelligence Group at CMR, said in the report.

According to WhatsApp, in an app test, over 1 million people were able to send and receive money in a safe and secure manner. The company has also told the Supreme Court on May 3 that it will be complying with the RBI norms before starting its payment service in India, and it is willing to contribute to India’s financial inclusion goals.