He is concerned about WhatsApp's recent decision to encrypt its users' messages from end-to-end, which means that everyone, terrorists included, can use it to communicate undisturbed. This is because the app works through UPI straight from the bank accounts and since the accounts are already KYC compliant, an additional KYC for WhatsApp Pay would just be redundant.Like 70 million other people in India, Sudhir Yadav uses WhatsApp - we even set up our meeting through it - even though he believes it poses a great danger.
Note that WhatsApp Pay does not need a KYC or Know Your Customer verification to work. The feature serves as a reminder for someone who owes you money and enables easy transfer by clicking directly on the sent request. Users can similarly request a certain amount from their contact by clicking on the ‘Request’ option on the amount page. Once done, the chat window will also display a payment card. Similarly, iPhone owners will be able to see a “+” icon near the chat text box leading to the same ‘Payment’ option.Ĭlicking on Payment will then ask for the amount to be transferred, along with additional comments for the transaction if any. Once WhatsApp Pay is set up through the OTP verification on the mobile phone, users can make a payment to a contact from within the chat window.įor this, Android users can find the ‘Payment’ option under the attachment icon on their chat windows. Users will have to set up their bank accounts to the app first by clicking on ‘Add new payment method’ under the payments setting. Once the app is updated to its latest version, WhatsApp users will be able to see a ‘Payments’ option through the three-dot drop down menu on their WhatsApp Home. Almost all digital payment portals now support payments through UPI. Those who wish to use the service will thus have to do so from the same number on WhatsApp as registered on their bank accounts.įor those unaware, UPI is a real-time payments system initiated by the government of India and now supported by more than 160 banks in India. Just like Google Pay, WhatsApp Pay will use the Unified Payments Interface (UPI) to transfer funds from one bank account to another.
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