Now you can transfer money to each other through WhatsApp. Actually, the National Payment Corporation of India (NPCI) has given approval to WhatsApp Pay. But currently it will be released for 20 million users only. The number of WhatsApp users in India is more than 400 million.
WhatsApp announced via a tweet - "From today onwards, people across India will be able to send money through WhatsApp Pay. This secure payment experience makes sending money as easy as sending a message. " WhatsApp's payment service is being rolled out gradually. Keeping in mind the guidelines of NPCI, users are gradually being given an update of the payment service. Initially, not all users will get payment service updates.
With the help of WhatsApp Pay service, you can transfer money anywhere, to anyone's account. This will be UPI service. Also, you can transfer money to bank account directly and recharge it. After getting approval from the NPCI, Facebook CEO Mark Zuckerberg released a video statement saying that WhatsApp's payment service will be available in the WhatsApp version of 10 regional languages. No charge will be levied on payment through WhatsApp. Zuckerberg said that customers of more than 140 banks will be able to pay their friends and family through WhatsApp.