Search in Indianmoney's WealthPedia

Home Articles How To WhatsApp Money?

How To WhatsApp Money? Research Team | Posted On Monday, February 12,2018, 07:31 PM

5.0 / 5 based on 1 User Reviews

How To WhatsApp Money?



WhatsApp will revolutionize payments in India. Facebook-owned WhatsApp, is already rolling out its payment services to select users in India. WhatsApp is famous all over the World as a messaging app.

Now, it could be famous as a payment app. WhatsApp uses UPI (United Payments Interface), for its payment services. After Text, Pictures and Videos, you will soon be able to send money to your contacts through WhatsApp.

With WhatsApp, you can send/receive money from family and friends, through UPI-linked bank accounts. You can send money real quick using WhatsApp, without the need to store the balance amount in a wallet.

Want to know more on investment planning? We at will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. is not a seller of any financial products. We only provide FREE financial advice / education to ensure that you are not mis-guided while buying any kind of financial products.

You May Also Watch: 

Iframe Content

How To WhatsApp Money?

You must be keen to know more about how you can transfer money to your friends, via WhatsApp. It's really simple...You need to have the WhatsApp app on your phone. Your registered mobile number must be linked to your bank account and your bank account must be active.

Remember: The WhatsApp UPI payment service is not officially rolled out. It is available only for select users on their iOS and Android. If one of your friends has already received a UPI update on his/her WhatsApp, you can ask them to invite you to seed the feature. This feature is available on the mobile version and not on WhatsApp Web.

UPI services from major banks like HDFC Bank, Yes Bank, SBI, ICICI Bank, Axis Bank, Allahabad Bank, PNB and so on are on the list.

Keep your Financial Cognizance up to date with Wealth Doctor App

How to WhatsApp money to your friend?

1. Find the payment option on WhatsApp

If you use an Android OS, you will see 3 dots on the top right-hand side of the app screen. If you touch these 3 dots, the setting screen opens up. One of the options you find is payments. On the payment screen you will be prompted to link your bank account to your WhatsApp.

2. You have to link your bank account

You then touch the 'Add new account' on the payments screen. You will have the 'Terms and Conditions'. Once you accept the terms and conditions, you will have to verify your mobile number. This mobile number must be the same as the mobile number, linked to your bank account. You will receive a verification via SMS.

After you verify your mobile number, WhatsApp will display the names of banks which are linked to UPI. You choose your bank and you will get details of the bank account which is linked to your mobile number.

The format is as follows: Bank name + last 4 digits of your bank account. If you have many accounts with the same bank, all these accounts will be displayed. Pick the account you want to link to the app and verify it with debit card details. This is the last 6 digits of your debit card and the expiry date.

SEE ALSO: Everything You Need To Know About The BHIM App

3. You have to set up the UPI

You verify the debit card details and you are then prompted to set up the UPI PIN. The bank will send you an OTP (One-Time-Password), which is a 6 digit number sent via SMS.

You go to the next page and enter the OTP and new UPI PIN. You can create a 4-digit UPI PIN. After confirmation of the UPI PIN, you get a message that the UPI set-up is complete and a confirmation via SMS.

Your payment screen under the settings option of WhatsApp, will now display bank details linked for payments.

4. You can send and receive money

Let's say you are using an Android Phone. You will see the Payments option under the 'paper clip' icon of the message box. You want to send money to a friend. You simply go to his/her chatbox and click on the paper clip. You then move on to the payments option.

You will reach the 'Send Money Page' where you find the name of the person (friend) to whom you want to send the money, and the bank account details of that bank account, you are sending money from.

You then add the amount you want to send, and if you wish, a note - paying my restaurant bill. You then enter the UPI PIN and make the payment. Money is sent to your friend in seconds. Your friend receives a message saying you have sent the money. You get an SMS from your bank on this transaction.

Remember: You can send/receive money only if both you and your friend have enabled the payment option on Android and iOS. If you have not done so, you get a message saying, inform your contact to set up payments in WhatsApp. Be Wise, Get Rich.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
Get It now!

This is to inform that Suvision Holdings Pvt Ltd ("") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.