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WhatsApp Payment: Identity verification may be required for payment now

WhatsApp Payment: WhatsApp is constantly revamping its payment service to make it user-friendly and take on a rival company. Now the company will make another change in the payment service. Under this, its users may now need to verify their identity before making any payment. Only then will it be possible to trade. According to media reports, WhatsApp may launch its new version soon. WhatsApp has not said anything about this.

Media reports say there may be many changes in the beta version of Whatsapp v2.21.22.6. What’s more, WhatsApp can launch a payment service in some other countries of the world. The report states that identity verification may only be required for recipients of funds for business purposes. Tell us whatsApp launched the payment service in India in 2020. It was all released in June 2021. In India, it has to compete with Paytm, PhonePe, Google Pay and Amazon Pay.

How is the payment done now?

Currently, WhatsApp Pay facility is only available in India and Brazil. Currently, WhatsApp only checks the bank’s mobile number for payment. In Brazil, users need to verify a debit or credit card through Facebook Pay. It is important to know here that in other companies that offer UPI (United Payments Interface) service in India, Google Pay and Phone Pay do not ask users to verify their identity. At the same time, companies like Paytm and Mobikwik ask users to do KYC.

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