WhatsApp QR code payment feature is now live on beta, here is how it works
WhatsApp has gone beyond the boundaries of being just a chat app. The Facebook-owned app with 1.5 billion monthly users today plays many other roles than just providing a chat exchange platform. You can click photos, you can make voice and video calls, you can set 24-hour format Status and ofcourse talking about the latest update- WhatsApp Payments that allows you to make money transaction through the app. If this was not enough, the chat app has now added a new QR code payment feature that makes simpler to make payments.
WhatsApp Payments earlier had just one option- UPI ID. The beta users on Android now have this option of QR code. To access the feature go to Payments> New Payments>now select QR Code.
On selecting the option, you will be directed to the QR code scanning window which will ask you to enter the amount you want to send and UPI PIN for verification.
Why Paytm should worry?
Paytm is already facing a fierce fight from WhatsApp Payments and other established mobile-wallets in the country. Vijay Shekhar Sharma, founder of Paytm accused chat app for not adhering by the rules of country’s unified digital payment system (UPI). Following the criticism from Paytm for not having QR code and UPI ID, WhatsApp soon rolled out the UPI ID payments option with the feature.
Now the chat app is adding the QR code payments feature which has been existing on Paytm for quite a long time. WhatsApp is seemingly aiming to become a one-stop shop for its users. The chat app has an enormous user base in India and this should worry Paytm.
The chat app and e-wallet companies intersection is the new trend of the tech town these days. Paytm last year launched the messaging feature ‘Inbox’ to its platform. The in-app message service allow users to chat, send and request money to friends and family. Not just, Paytm and WhatsApp, Google Tez also recently launched the chat feature to take on its rivals.
In a separate story, WhatsApp is also working on its GIF section and aiming to make the Gif search easier. The new feature, first spotted by WaBetaInfo, allows you to access GIFs by organising them into broad categories.
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