Explained: How to send money on WhatsApp-May 2024-www.financetom.com

Explained: How to send money on WhatsApp

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Explained: How to send money on WhatsApp

Nov 6, 2020 3:35 AM

Messaging app WhatsApp offers UPI payment services for its customers. Through this facility, people across India can send money through WhatsApp.

Live TV

WhatsApp has designed this payment feature in partnership with the National Payments Corporation of India (NPCI).

To send money on WhatsApp, users must have a bank account and debit card in India. If they haven't set up a UPI linked to the bank account, they do so through WhatsApp.

Payments are available in ten Indian regional language versions of WhatsApp. For the same, the users need a debit card with a bank that supports UPI and the latest Android or iOS version of WhatsApp.

Here are the steps to set up a WhatsApp account:

Step 1:

Open the WhatsApp app on the phone and tap on the three-dotted icon

Step 2: Go to the 'payment option' and the list of banks appear. One can only add a bank account that is linked to the same phone number as used to sign up for WhatsApp

Step 3: The list of bank accounts will show now. If users already have a UPI account, the app will ask for the UPI pin and proceed. Otherwise, you may need to verify the account with debit card information by adding the last 6 digits and expiration date. Setup will now be complete.

Here are the steps to send money on WhatsApp:

Step 1: Open the chat of the person (to whom money is required to be sent) on WhatsApp and go to the attachment icon. Tap on the ‘Payment’ option and enter the amount required to send.

Step 2: Enter the amount and hit send. Enter your UPI pin for security. Your money will be sent.

Here are the steps to send money through QR code on WhatsApp:

Step 1: Tap more options to open payment

Step 2: Go to ‘New Payment’

Step 3: Select QR code, pull up recipient's QR code and scan

Step 4: Tap new payment, enter the amount to make payment

Step 5: Enter the UPI pin and make payment

These payments, as said by WhatsApp, is designed with a strong set of security and privacy principles, including entering a personal UPI PIN for each payment.

First Published:Nov 6, 2020 12:35 PM IST

Previous page： Research Alert: CFRA Maintains Buy Opinion On Shares Of Transdigm Group Incorporated Next page： Research Alert: CFRA Lifts Opinion On Shares Of Us Foods Holding Corp. To Hold From Sell

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Research Alert: CFRA Maintains Buy Opinion On Shares Of Transdigm Group Incorporated

Aug 7, 2025

11:35 AM EDT, 08/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We decrease our 12-month target price by $87 to $1,512, using a P/E multiple of 34.0x applied to our FY 26 (Sep.) EPS estimate, above TDG's three-year average forward P/E...

Research Alert: CFRA Lifts Opinion On Shares Of Us Foods Holding Corp. To Hold From Sell

Aug 7, 2025

12:05 PM EDT, 08/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target to $89 from $59, based on 19x our 2026 EPS estimate of $4.68 (up from $4.13; 2025 raised to $3.96 from $3.69), in line with...

Research Alert: CFRA Lowers Opinion On Shares Of Honda Motor Co. Ltd. To Hold From Buy

Aug 7, 2025

10:45 AM EDT, 08/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our rating on Honda ( HMC ) to Hold (from Buy) and reduce our FY 26 (Mar.)/FY 27 EPS estimates to JPY450 and JPY594 (from JPY597/JPY720), reflecting heightened...

Research Alert: CFRA Keeps Buy Opinion On Shares Of Metlife, Inc.

Aug 7, 2025

10:55 AM EDT, 08/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We trim our 12-month target price by $3 to $85, valuing MET shares at 8.4x our '26 operating EPS estimate of $10.15 (lowered today by $0.25), versus the shares' 1YR...