WhatsApp is coming up with a banging offer, which you will also be shocked to hear. Users are now going to get the benefit of cashback. Let’s know about it…
New Delhi. WhatsApp is planning to offer monetary benefits in the form of cashback to users to woo new customers to use its payment platform. At the same time, the social media giant is also testing it for merchant payments. This will enable WhatsApp to compete with its rivals like Google and PhonePe, which have a major market share in processing UPI transaction volume in India. Recently, the National Payments Corporation of India (NPCI) increased the limit of its payment service for WhatsApp users to 100 million. This is a positive signal, as it already has 400 million+ users in India who are taking advantage of the app every day for co-workers, friends and more.
WhatsApp will give so much money to users in India
According to a report by Reuters, WhatsApp is ready to offer users up to Rs 33 in cashback for transacting on its platform. Using WhatsApp Pay, users can send money to their contacts directly from the chat window.
Cashback will be available even after sending 1 rupee
There will be no minimum limit on how much money users will have to send to get this cashback from WhatsApp. The incentive will be spread over three transactions. Even if users are sending less than Re 1 through WhatsApp Pay to other users, they will be eligible for the transaction.
WhatsApp users mostly for online payments
To promote acquisitions and to make people aware that they can transact through its platform. Neil Shah, Vice President, Counterpoint Research, said that although the amount is not that big, it would still give reason enough for many Indians to switch the platform to WhatsApp for making payments. The company told Reuters that it is rolling out the cashback campaign in a phased manner to unlock the possibilities of payments on WhatsApp. It is worth noting that this is not the first time that WhatsApp is offering cashback to the users.