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WhatsApp UPI: All you need to know about this new payment feature.

By Ishank Katyal

WhatsApp messenger has finally launched its payment feature in India on Friday. The Facebook owned company has even wrote in its blog that it want to make money transferring as easy as messaging on the app. India is currently using many UPI payment apps like Paytm, PhonePe, Google Pay, etc.

Announcing the new feature, WhatsApp said in a blog, “Starting today, people across India will be able to send money through WhatsApp. This secure payment experience makes transferring money just as easy as sending a message. People can safely send money to a family member or share the cost of goods from a distance without having to exchange cash in person or going to a local bank. WhatsApp has launched its payment feature in partnership with National Payment Corporation of India (NPCI) using Unified Payment Interface (UPI) an India’s first, a real-time payment system that enables transactionsWhatsApp has partnered with five leading banks in India including ICICI Bank, HDFC Bank, Axis Bank, the State Bank of India, and Jio Payments Bank. “To send money on WhatsApp in India, it’s necessary to have a bank account and debit card in India. WhatsApp sends instructions to banks, also known as payment service providers, that initiate the transfer of money via UPI between sender and receiver bank accounts,” WhatsApp said. People can also send money through WhatsApp to anyone who is using an app that supports UPI. with over 160 supported banks.

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