For those unaware, WhatsApp Payments (marketed as WhatsApp Pay) is a peer-to-peer money transfer feature that allows users to make in-app payments and money transfers using the Unified Payments Interface (UPI). The process of sending and receiving money through WhatsApp is similar to how it is processed on Google Pay, Paytm, and other UPI apps. Now, a new report from WABetaInfo, indicates that WhatsApp is planning to introduce another feature for payments called “Cashback” to increase the usage of its digital payment platform. According to WABetaInfo, this feature is limited only to UPI Payments in India, wherein users can get only one cashback of up to ?10 for the payment. It is not clear if the user will get only one cashback per payment or throughout. Further, the cashback amount will be credited to users’ accounts 48 hours after sending the initial transfer. WABetaInfo reveals that the cashback amount may change before the official release of the feature. Currently, the cashback feature is being developed for future versions of the app and is not available for beta testers yet. It is unclear if everyone will be able to get the cashback or the feature will be introduced to only those users who haven’t used WhatsApp Payments before. Keep watching this space for more updates, as this is a developing story!
