Now transfer money on WhatsApp

The feature, currently in beta, is supported by a number of banks

By Author  |  Published: 9th Feb 2018  7:35 pm

Messaging service WhatsApp is testing a new payments feature in India that aims to allow people to send money to their friends on the app. The feature is currently in beta, but has not been publicly announced because it is not widely available at this time.

The new WhatsApp payments feature could give popular digital wallet platform Paytm, and other messaging services that already support payments, including the recently-launched Tez from Google, a tough competition.

The payments feature would take advantage of UPI (Unified Payments Interface) and include support by a number of banks, including the State Bank of India, ICICI Bank, HDFC Bank, and Axis Bank.

Beta testers have now found their WhatsApp interface displaying a large list of supported banks and they can see a payments feature appear in their WhatsApp Settings menu. In order to configure the feature, users must first verify their phone number via SMS and then choose a bank. After the completion of the configuration, the option to send a payment becomes available.