The world's most used multimedia messaging app WhatsApp's payment service has been officially launched in Brazil. Facebook CEO Mark Zuckerberg has reported this in a Facebook post. On WhatsApp's payment service launching in Brazil, Mark Zuckerberg said, "today we are launching WhatsApp payment service in Brazil. We are making the process of sending and receiving money as easy as sending photos. We are soon going to facilitate small traders to buy and sell through WhatsApp." Zuckerberg said that WhatsApp payments have been partnered with local Brazilian banks. He said Brazil has become the first country in the world where WhatsApp payment service has been introduced first. It will also be launched soon in other countries.
In the lockdown era, people are adopting online money transfer tools to purchase essential goods instead of physical contact. There are many UPI-based money transfer platforms in the country at present. WhatsApp's UPI-based payment tool is also one of these. WhatsApp in India has 250 to 300 million users who can transfer money through WhatsApp using a UPI linked bank account. WhatsApp payment option is currently available for Android and iOS smartphone users in a limited number. The UPI-based WhatsApp Payment feature supports ICICI Bank, HDFC Bank, Axis Bank, and State Bank in India today.
Use WhatsApp payment feature:
1- You have to go to WhatsApp's Setting and tap the Payment option.
2- Then, you need to select the Add New Account option, which is present on the upper part of the bank account.
3- Now, you have to tap on the Accept option and read the instructions carefully.
4- Thereafter, SMS will have to choose the verification process. Followed by UPI.
5- The instructions to be sent to start the linked process have to be followed.
6- On the next tab, you will have the chance to choose a bank account. This way, your WhatsApp payment feature will be started.
7- If your bank account is linked to a registered WhatsApp number, you will send a message, and your UPI setup is complete, which will be visible on your screen.
WhatsApp pay service has been implemented in India in a phased manner. In such early stages, about 10 million people in the country will be able to take advantage of this service. Facebook-owned company WhatsApp launched WhatsApp Pay in the year 2018. However, the central government and the National Payment Corporation of India (NPCI) were not allowed to implement this service in India. However, the latter has been cleared with some improvement.
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