Before we jump into Whatsapp we must understand what is UPI :
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience. Each Bank provides its own UPI App for Android, Windows and iOS mobile platform(s).
First UPI based app was Phonepe,later government rolled out BHIM app but many people in india don't understand it.recently even google has tried to pushed their app called 'Tez' and now Whatsapp!
You can clearly see above that how easy it is to send and receive money using new UPI system.
Right now almost every internet user in india got mobile phone with whatsapp installed in it. so it will soon transform indian digital payment system just like china's Wechat.
This is good because it will save tons of time, it will generate more confidence towards online payment systems etc but it will also start new scams so before you fall for a scam always remember
don't give up your money if an app is asking to remove virus or system etc. always take help from other people before making instant payments.
now almost all Aadhar identity cards are linked with mobile numbers but still there is a risk for a Noob internet user.
Whatsapp will soon send update officially right now it's still in the 'developer' mode but soon it will go live for all people.
I am pretty sure whatsapp will come up with a new anti spam system it might resolve all potential future issues.
Till then share this news to your whatsapp or social network!
Thank you for reading.