Is WhatsApp Payments Safe To Transfer Money?

Have you been using WhatsApp payments? While it allows you to send money easily to anyone that has it enabled in your contacts, it also comes with questions of privacy. Is your financial data safe with WhatsApp?

WhatsApp sharing your data with Facebook?

While your WhatsApp messages are encrypted end-to-end, your payments data may not be very safe.

According to this TechRadar report, WhatsApp’s terms and conditions have a few clauses that could mean they are sharing your financial data to Facebook. This is what the clause looks like:

To send payment instructions to PSPs, maintain your transaction history, provide customer support, and keep our Services safe and secure, including to detect, prevent, or otherwise address fraud, safety, security, abuse, or other misconduct, we share information we collect under this Payments Privacy Policy with third-party service providers including Facebook

What could this mean for you?

The Cambridge Analytica Scandal has raised new questions about invasion of privacy in the digital space.

Whatsapp recently introduced payments via UPI (see how it works) in India in closed beta. This allows users to conduct payments over the virtual payment address (VPA) that is linked to your bank account. There are growing concerns about whether  Whatsapp payments is a safe way to transfer money.

Whatsapp stores information of your monetary transactions like amount, date, time, frequency and receiver’s VPA to forward it to payment service providers. It then gathers this information and shares it with Facebook. Does Facebook use this data yet? 

On its official website, WhatsApp says:

“Facebook does not use WhatsApp payment information for commercial purposes, it simply helps pass the necessary payment information to the bank partner and NPCI. In some cases, we may share limited data to help provide customer support to you or keep payments safe and secure.”

Why not try a safer way to pay?

Worried about your financial data being misused? Why not try a safer method to collect or transfer money online?

At Instamojo, we believe in keeping the information of our users safe and in no way do we misuse the information. After setting up an account on Instamojo, all you have to do is create a payment link and share it on Whatsapp to enable transactions.

This is easy, simple and more accessible. Instamojo is PCI-DDS compliant and your transactional data is 100% safe and secure. 

The Payment Card Industry Data Security Standard (PCI-DSS ) is a set of rules widely accepted in the payments industry to protect cardholders from online frauds and misuse of their personal information. PCI-DSS helps in securing safe payment solutions and protection from information theft.

The KYC data that you link with Instamojo is only used for verification, so we can help prevent fraud. This helps to ensure your safety and security. The core idea of Instamojo is to ensure the safety and security of its customers. Your transaction data and personal information with Instamojo are safe.

At instamojo, your privacy is our utmost concern. What’s more? You can also set up your business in under two-minutes for free. Try the safer, secure and the easiest way to collect payments today.


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