Just before the festive season, WhatsApp has given a great news for its Indian users. At the Global Fintech Festival (GFF) 2021, WhatsApp released the ₹ symbol in chat composers to ease the payment process for users in India. It has also been announced that the camera icon in Composer can now scan any QR code to make payments across over 20 million stores in India.
Payment process will be easy
In November 2020, National Payments Corporation of India (NPCI) approved Facebook and WhatsApp to ‘Go Live’ on Unified Payment Interface (UPI) service. After these updates, the process of payment on WhatsApp has become easy. Users will now be able to pay using the ₹ symbol and the camera icon. These updates will soon be made available to all users.
What is UPI?
Unified Payments Interface is an easy way to make digital payments. It is linked to your bank account through a mobile app. It is an easy and secure way to make digital payments. You can send money to your friends and relatives securely. You can pay any type of bill, pay for online shopping, and transfer funds instantly through UPI.
How does this work?
UPI works on instant payment service. This service is also used for net banking. The UPI PIN generated by the user on his smartphone becomes equal to the account number. Apart from paying your bills, UPI allows you to do other transactions.
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