Instant messaging app WhatsApp brings more than one feature for the convenience of its users. Every day the feature updates of the platform keep coming and beta testing is going on for many. Now WhatsApp is going to bring a feature that will be able to do many tasks in one place. Currently, the testing of this feature is going on. WhatsApp has made preparations to keep the users together in one place. Now soon you will not need to go to any third-party app for any of your work. You will be able to pay your different bills through WhatsApp. The company is moving forward in terms of its financial services. It is increasing it. Read its full details here.
This will be the benefit of the new feature.
According to reports, through the new feature of WhatsApp, you will be able to easily pay the bills for electricity and water, etc. Apart from this, you will also be able to recharge your phone. You will also be able to pay your rent. Currently, the UPI-based payment system on WhatsApp will be integrated into WhatsApp Pay only. Currently, the feature you get on WhatsApp allows you to send and receive money through UPI only to your saved contacts. Soon this feature will be expanded further.
WhatsApp Pay
WhatsApp Pay was allowed by NPCI only recently. Earlier only 10 crore users could use it. But now this limit has been removed. However, at present WhatsApp Pay has not been able to reach the old limit. Currently, only about 5.1 crore users use this service. This is only about 10 percent of its total user base.
Competition of WhatsApp Pay
Digital payments will have to face a lot of challenges in India. Currently, PhonePe is at the forefront with about 48 percent market share. Talking about Google Pay, Google Pay is the second largest company in the race with a 37 percent market share.
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