WhatsApp Pay vs Paytm vs Google Tez: What’s different?
Digital payments were truly revolutionized in India, with the entry of UPI (Unified Payments Interface). But, demonetization in the country truly gave people a reason, and a purpose to adapt to a cashless payment option.
In a short span, e-wallet companies such as Paytm, and PayU saw a growth in user base. Soon after that, Google entered the race with its Google Tez. And recently, Facebook-owned WhatsApp also introduced a payments service linked to UPI.
But with so many options, which service should you opt for? We break it down.
The UPI-based WhatsApp Payments is slowly, rolling out to users in India. The messaging service, which has a user base of over 200 million in the country, does have an advantage over the other two services, simply based on reach. Even though WhatsApp Payments is only available to Android users right now, and is still on its way to iOS, it still has a higher number, compared to Google Tez.
WhatsApp Payments allows users to transfer money to WhatsApp contacts within a chat itself. The new ‘Payments’ feature can be accessed from the Chat window in the Attachments menu. You can then click on Payments, which will then prompt you to link …read more