Understanding WhatsApp Payments limits and restrictions

WhatsApp Payments is a payment service that allows users to send and receive money directly through the app. It was launched in India in 2018 and has gained popularity due to its convenience and security. In this article, we will discuss the limits and restrictions of WhatsApp Payments.

Transaction Limits

WhatsApp Payments has transaction limits that are set by the National Payments Corporation of India (NPCI), which manages the UPI platform. The transaction limits for WhatsApp Payments are as follows:

1. Per Transaction Limit: The per transaction limit for WhatsApp Payments is Rs. 1 lakh.
2. Daily Transaction Limit: The daily transaction limit for WhatsApp Payments is Rs. 1 lakh.
3. Monthly Transaction Limit: The monthly transaction limit for WhatsApp Payments is Rs. 20,000.
4. Maximum Number of Transactions: The maximum number of transactions per day is 20.

Eligibility CriteriaTo use WhatsApp Payments, users need to fulfill the following eligibility criteria:

1. Users need to have an Indian bank account.
2. Users need to have a valid Indian mobile number.
3. Users need to be registered with UPI.

Restrictions

There are certain restrictions when it comes to using WhatsApp Payments. These include:

1. Currency Restrictions: WhatsApp Payments currently supports only Indian Rupees (INR) transactions.
2. Geographical Restrictions: Currently, WhatsApp Payments is only available in India. It is not available in other countries.
3. Business Restrictions: WhatsApp Payments is only available for personal transactions. It is not available for business transactions.
4. Bank Restrictions: WhatsApp Payments is only available for banks that support UPI transactions.

Conclusion

WhatsApp Payments is a convenient and secure payment service that allows users to send and receive money directly through the app. However, it has certain limits and restrictions that users need to be aware of. By understanding the transaction limits, eligibility criteria, and restrictions, users can use WhatsApp Payments with confidence and avoid any issues. With its convenience and security features, WhatsApp Payments has become a popular payment service in India, and it is expected to expand its services to other countries in the future.

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