WhatsApp's new QR code payment feature will be a big problem for Paytm and Freecharges

Written by : Ashwin Singh
Published : On 27 March 2018 | 02:04 PM IST

The Facebook official WhatsApp is not limited to just a messaging app. Even though this app started with testing and sending photos, videos. But in these years WhatsApp has added status features like Snapchat to in-app YouTube playback, voice and video calling and payments feature. This has made users experience better.

Easily send money : Now WhatsApp has introduced the QR feature. With the help of this feature, users will be able to send money easily. For the moment, this feature is in beta version. This feature has been added to the Send to UPA ID feature introduced earlier.

The QR feature in India is already available on e-Wallet App like PettyM, FreeCharj and Mobikwik. This new Payments feature of WhatsApp will attract users as well as boost the government's Digital India program.

Where is this feature available : This new feature is available on the WhatsApp version 2.18.93 under the Google Play Beta program. Go to Payments in the Android Beta User Settings. Then tap on New Payments. There will be a scanned QR code option. Enter whatever amount you wish to send and send it by sending it.

Threat to competitors : The stir between local payment service providers in India has raged due to the launch of WhatsApp Pay. The fear of Paytm CEO Vijay Shekhar Sharma has also come in front of everyone. They had tweeted a few times that the coming of this new feature of WhatsApp would hurt the UPA system.

However, other local players believe that even though companies like Google and WhatsApp are being given some flexibility to set up the UPI platform, they are also being followed by all the guidelines. In India, WhatsApp helps in connecting about 80 percent of small business to consumers.

These special features will be added to WhatsApp: WhatsApp will bring in future features such as auto responses, business profile, chat migration and analytics. Users will also be able to register landline numbers for the WhatsApp business. This can be a big step taken by the company. Because people do not like to share their personal numbers with customers. Businessmen will also be able to set Away's automated response. This message will be available to consumers when they are trying to do content and you will not be available.

Keeping in mind the plans for whatsApp, it is clear that there is stiff competition in local e-wallet companies. In order to attract customers to these, these companies have to make a fresh plan. Otherwise it is possible to have a monopoly of whatsApp in the country.