How this Ping Pay service works for WhatsApp?

For sending the money, you will enter the amount and set a secret code which you will share with the receiver. Now after you will hit the “Send” button, the money will be transferred and instantly received by the receiver on WhatsApp or other platforms along with a message.
The receiver should transfer the money to his/her bank within 15 days and failing to do so, the money will be transferred back to you.
The companies these days are focusing on smartphones more than ever and this focus is well justified given the fact that to be competitive, the mobile businesses must be prioritized.
Are you going to try out this feature? Tell us in comments below!