WhatsApp Pay is a new payment method that allows individuals in India to execute online purchases and transactions. The service is provided through UPI, which allows you to send and receive money using the app.
In India, this payment mechanism is currently being carried out, and online casino websites have just recently begun to accept WhatsApp for casino deposits and withdrawals.
Step 1: To transfer money using Whatsapp, the first step is to select the payment settings.If you are using an Android smartphone, you should open WhatsApp and tap the three dots in the upper right corner of the app.If you are on iOS,you have to go to the bottom right-hand corner and choose 'Settings.'
Step 2: A drop down menu will appear and you should select the 'Payments' section from it. Choose 'Add Payment Method' from the list. You'll be prompted to agree to the WhatsApp Payment terms and conditions. Accept and continue by clicking the 'Accept and Continue' button.
Step 3: The list of banks will now appear in the menu from which you have to choose the desired bank from which you wish to make your transactions.
Step 4: The last is the account verification. After you've completed the verification, you have to create a unique UPI PIN for you to make future transactions.
Step 1: First step is to choose the person from your contact list to share money using Whatsapp pay. Open the chat window and select the payment option from the menu at the top right corner of your screen.You can also use the QR Code option and scan using it to send money.
Step 2: After that, you have to enter your UPI PIN and the amount you wish to transfer. The cash will be sent to the receiver's bank account after the right PIN is provided.
WhatsApp Pay is still in its early stages. It was first introduced in India in 2018 as a global test run.
The payment app was approved by the National Payments Corporation of India (NPCI) in early 2020, providing WhatsApp Pay a seal of approval.
WhatApp Pay and other UPIs are built with security in mind.
One of the reasons you should feel safe about your money when you use this payment method is that you never have to reveal any financial details with the person you're paying.
In March 2021, WhatsApp Pay performed only 0.02 percent of total transaction volume and 0.01 percent of total value via the Unified Payments Interface (UPI). Months after the messaging app's payment function became available to 20 million users, its performance sharply deviated from early forecasts of rapid development and considerable market share. Despite the fact that all Indian online casinos accept a variety of payment methods, WhatsApp Pay is not yet supported by most of them. This might change when the messaging service company launches its merchant acquisition campaign and enables genuine peer-to-merchant payments. The system currently exclusively processes peer-to-peer (P2P) transactions only.