How to Pay House Rent Via WhatsApp Pay
Discover how HaoPay and WhatsApp Pay can revolutionize residential payments.
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 Growth
Social commerce is taking an active growth trajectory; according to the Facebook's CEO, Zuckerberg, commerce and payments are key ingredients for 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 marketplaces and Instagram shopping will see medium-sized businesses and housing and accommodation services providers not limited to landlords advertise their vacant apartments to rent or property for sale 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 their property listings on WhatsApp and have clients make bookings and pay just within WhatsApp.
When Was WhatsApp Pay Introduced?
February 2018 - Launched in India as part of a trial run
Expected to launch in Africa, most specifically Nairobi, Kenya due to pioneering mobile payments with Safaricom M-Pesa
Partnership with India's ICICI Bank for initial rollout to 1 million users
February 7, 2020 - Received NPCI approval for phased rollout to 10 million users in India
How to Enable WhatsApp Pay for Real Estate Settlements
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 House Rent via WhatsApp Pay
Step-by-Step Guide:
💡 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
Contacts Only
Tenants can send money to landlords or housing agencies in their contacts after enabling UPI ID
QR Code
Send money to suppliers or vendors who are not on your contact list via QR code scanning
🚀 The Future of Payments
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 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 new trends with a 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 Finder's HaoPay comes in handy in automating rent remittances to Property owners in Kenya.
📊 Payment Methods Comparison
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