Hello guys welcome to 24/7 google with due respect in this article we are talking about WhatsApp plans cashback rewards for payments, transfers on its platform. WhatsApp is most popular global mobile messenger app worldwide with approximately two billion monthly active users.
WhatsApp has introduced a payment feature for Android users who are running the beta version of the app. The payments button is located next to the attachments button in the text box in chats. Users can send money only to those contacts that have registered for WhatsApp Payments.
The messaging giant, looking to gain a large market share in the payments section, also recently received regulatory approval to more than expand its payments service to 100 million users in India.
The latest move comes days after WhatsApp won regulatory approval to more than double its payments offering to 100 million users in India, its biggest market with more than half a billion users overall.
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WhatsApp plans cashback rewards for payments, transfers on its platform
WhatsApp will within weeks roll out cashback rewards to lure more Indians to its peer-to-peer payments service and is testing similar incentives for merchant payments, two sources said, as the company seeks to compete with rivals including Google.
In India, WhatsApp is now taking a more aggressive stance against competing UPI apps such as Google Pay, PhonePe, and PayTM
WhatsApp will before the end of May launch the cashback offer of up to 33 Indian rupees ($0.40) for transfers users make on its payments service.
which allows contacts to send each other funds from within the messenger app, said the sources, who have direct knowledge of the company’s plans.
The latest move comes days after WhatsApp won regulatory approval to more than double its payments offering to 100 million users in India, its biggest market with more than half a billion users overall. WhatsApp WhatsApp
WhatsApp said it is “running a campaign offering cashback incentives in a phased manner to our users as a way to unlock the potential of payments on WhatsApp.” WhatsApp
Rs 33 Cashback Could Be Yours: Here’s How
According to Reuters, WhatsApp will be offering up to Rs 33 for transactions users make on its payments service, which allows contacts to send each other money from within the messenger app. The offer is said to go live before the end of May.
The offer is only available to a limited number of people, according to Whatsapp, and if you’re eligible, you’ll see a banner within the app or a gift icon when sending money to an eligible recipient.
If you’re one of the fortunate ones, you could get Rs 11 cashback for every successful transaction if you send money to any of your registered WhatsApp buddies.
Users can receive Rs 11 payback up to three times by sending money to three different contacts, and there is no minimum payment amount. Note that the offer is applicable only once per contact. WhatsApp
This offer is currently unavailable to Whatsapp Business users, and it is only available to users who have been on the platform for at least 30 days.
Separately, in a broader payments push, WhatsApp is testing a programme where it will dole out cashback incentives for users who pay highway tolls and utility and other bills straight from the app, the two sources said. WhatsApp
WhatsApp has tried to entice users with cashback; in the past, the firm ran a promotion in which a user could get Rs 51 cashback five times, bringing the total cashback to Rs 255.
Every successful money transfer to another WhatsApp acquaintance might reward you with Rs 51. WhatsApp
The cashback push comes after WhatsApp in June 2021 conducted an internal study to assess competition in India. Seen by Reuters, the “Winning from behind on India payments,” study says “incentives are among the top sign up reasons for our competitor apps” in India.
At Conclusion in this post whatsapp plans to launch a cashback and rewards offers as soon as possible.
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Frequently Asked Questions (FAQs)
What is the limit of WhatsApp payment?
The maximum amount that can be transferred via WhatsApp Pay is Rs. 1 lakh in a day. The government has set a limit of Rs. 1 lakh as well. WhatsApp
Can payments be made through WhatsApp?
Sending and receiving money via WhatsApp is very straightforward. The payments option shows up directly in the conversation window, and transferring money (or requesting it) is as seamless as it can get: Select the contact you want to receive money.
Is WhatsApp business free to use?
WhatsApp Business is free to download and was built with the small business owner in mind. The app makes it easy to personally connect with your customers, highlight your products and services, and answer their questions throughout their shopping experience. WhatsApp
In which countries WhatsApp pay is available?
As for now, WhatsApp Pay is only available in India and Brazil. Users must have a phone number in these two countries to make this feature work. WhatsApp
While Apple Pay just launched in another country today, Facebook’s payment method is still in the early days of expanding. FTC: We use income earning auto affiliate links. WhatsApp
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