Significance and influence of What's app pay
What's App pay refers to a new payment gateway, which incorporates the in-chat payment feature meaning thereby the What's app users can accept and pay their payments through chatting and massaging instantly. They can often pay their amounts via online transactions directly from their contact list.
What's App pay is similar to support UPI transactions and payments meanwhile the users can easily send and receive money from another payment platform that signifies a user can send and receive money from one digital wallet to another e-wallet instantly like Google Pay, Phone Pe Paytm, etc.
To enable What's App payment setup, the users first and foremost tapping the share icon of the What's App and thereby going to enable payment mode. With the help of enabling the payment mode, one can directly send a sum of money to others in terms of chatting and messaging. After the payment process is done the transaction history is available for the What's App users.
Although the payment method is developed and deployed for only those users who have their UPI ID because the payment mode is purely based on the Unified Payments Interface. The users not only simply accept and pay their payments but without having any bank accounts and IFSC codes users can easily transact his/her money.
What's App Pay only access to those contacts who have UPI ID linked to What's App accounts so that the user can send money to their accounts safely and securely. A confirmation code has been sending to the user to verify their accounts thereafter the user has to enter a security code to send money from his/her accounts to send the money.
What's App Pay feature has not been activated yet to the existing user accounts, therefore, the feature has been launched recently within the session of the current as well as in the upcoming year soon.
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