What started as a private messaging Smartphone App to deliver gym reminder alerts for iphone (IOS) users on App store is now bulging with over one Billion active users across the world. Whatsapp statuses have been known to be marketplaces for jokes, house to let adverts and property for buy or sell listings in Nairobi Kenya. This is just getting better through process innovation by Facebook.
Whatsapp Messenger founders; Brian Acton and Jan Kuom, former Yahoo employees must be happy to witness massive development of the App since 2009. Whatsapp now boasts of over 400 Million active users in India and over 120m users in Brazil where Whatsapp Payment services have been recently launched to rival traditional in chat payments services such as Google Pay, PhonePe, HaoPay and Paytm.
Social commerce is taking an active growth trajectory; according to the Facebook's CEO, Zuckerberg, commerce and payments are key ingredients for the private social platforms that have been rivaled by the likes of Tiktok which recently recorded about 3 Billion dollars in net profits. The launch of Facebook market places and instagram shopping will see medium sized business and housing and accommodation services providers not limited to landlords advertise their vacant apartments to rent or property for sell and actually have payments made directly to their bank accounts.
What is Whatsapp Pay
WhatsApp Pay is an in-chat payment feature that empowers users to make transactions via WhatsApp to their contact list. This is UPI-based payments service that allows you to both send and receive money. The whatsapp pay UPI was developed by the National Payments Corporation of India (NPCI). Coupled with Whatsapp Business API in Kenya, ecommerce Merchants can run there property listings on whatsapp and have clients make bookings and Pay just within Whatsapp.
When was WhatsApp Pay introduced?
WhatsApp Pay was launched in February 2018 in India as part of a trial run and maybe launching to Africa most specifically Nairobi, Kenya because of its pioneering works with Mobile payments by proponents such as Safaricom Mpesa. Mobile Payments through WhatsApp were introduced to a million users under a partnership with indias' ICICI Bank. On February 7, 2020, the messaging app received NPCI's approval to roll out its mobile digital payment service in a phased manner. In the first phase, WhatsApp will offer mobile UPI based payment services to 10 million users in India.
How to enable WhatsApp Pay?
To transact on WhatsApp Pay, a user must initiate a payment to a contact. Once the request is received, the user can set up their UPI account on WhatsApp.
How to pay your Bills via WhatsApp Pay?
Users can send money directly through chat by tapping on the share file icon and selecting ‘payment’. The ‘payment’ section is available on the shortcut menu. Users can check their transaction history and account details in that section. The payment system works on the Unified Payments Interface (UPI) method, where fund transfers can be initiated without having to provide bank account numbers and IFSC codes of recipients.
WhatsApp Pay: Modes of transaction
WhatsApp Pay lets users that may be tenants to send money to their landlords or housing agencies only on their contacts after which it enables UPI ID. WhatsApp Pay users could enter the UPI ID and send money. Through QR code, WhatsApp users can also send money to other parties that maybe be suppliers or Vendors who are not on their contact list.
Whatsapp Pay is actively growing and it is not late when you will have to buy your kenya power electricity tokens via whatsapp and shop for your fresh groceries in Nairobi on Kapuletu and pay.
HaoPay By Hao Finder Businesses
Hao Finder actively researches on emerging helper tools that make the house hunting and homing experience in Nairobi better. Property managers in Nairobi Kenya should be looking at the new trends with powerful lens. Whatsapp Pay and Facebook Pay are here to stay after a successful journey by Wechat Pay in China. With integrated modern property management services, Hao Finders's HaoPay comes in handy in automating rent remittances to Property owners in Kenya.