WhatsApp Pay Project

1. STAKEHOLDERS

Types:
1. External Stakeholders
2. Internal Stakeholders
1:EXTERNAL STAKEHOLDERS:

Stakeholders Actors Actions

Sponsors would fund for the new feature development
Sponsors Facebook
of WhatsApp pay

1)WhatsApp end user are already able to use Whatsapp

for messaging, voice calls and video calls.
End Users WhatsApp users
2)In the proposed system, they will also be able to make
digital payments via whatsapp

• He owns WhatsApp and one of the most important

Customers Mark Zuckerberg
Stakeholder
• For digital payment with Whatsapp, Banks will
have to cooperate with Whatsapp for
provision payment via respective Banks.
Banks • Banks will have to share Bank details, Branch
Details, IFSC details to shown on the screen and on
making payment banks will have to validate the users
have accounts in respective banks

• Credit card providers will have to cooperate with

Suppliers Credit card
Whatsapp to enable users to pay via respective credit
provider
cards

• Details like Card details, Credit card holders’

Bank Debit Card details, Payment gateway details will have to be
provider provided to WhatsApp. Also, they will have to validate
on entry of user card credentials.

• Government of India has laid down guidelines to take

swift actions on government takedown requests.
Government, • Indian Police force keeps a check on WhatsApp
Indian Police • NPCI: May come into picture as it regulates UPI
Regulators
force, TRAI, NPCI, payments
CCI
• CCI: Keeps a check on new features launched by
WhatsApp
2:INTERNAL STAKEHOLDERS:

Domain SME • Domain SME will help in understanding

the
Payment’s domain in India.
Tester • Tester will test the build before
deployment
in production
OperationalSupport • The operational support will ensure
support
post the new feature goes live
ImplementationSupport • Implementation support team will
ensure
proper development of the new feature
without impacting the old functionality
Project Manager • Project manager will ensure timely and
effective delivery of the new feature
Business Analyst • Business Analyst will ensure all the
requirements are been converted into the
actual feature in the proposed system. He
will ensure seamless coordination and
communication between all the
stakeholders

2. Risk Identification

1. WhatsApp End users may be reluctant for users to use WhatsApp for payment as it’s
known for as Social Networking Application.
2. Competitors may offer many extra features which may not be possible for a social
media Application.
3. Money transferring should be convenient and seamless, otherwise people would
uninstall this basic App as well
4. Keeping it updated with the current trends and future requirements in both the fields,
Money transfer and Social media may be difficult, failing in which would result in
customer dissatisfaction.
STRATEGY ANALYSIS:
3. SWOT Analysis of WhatsApp Pay

Strengths Weaknesses
Huge end user base Reluctance from the end users as its a casual
Strong brand value messaging app

Better capital raising avenues Whatsapp will have to comply with local
regulations and guidelines
Better Financial Stability
Recent news on lack of maintenance of privacy
Least user traning required as user is already can be one of weakness
accustom with the interface
Additional layers of security will have to added

Opportunities Threats
Expansion across geographies Competition with prevalent existing competitors
Market saturation is low may be difficult

Apart from just Debit and Credit other options for Whatsapp will have to comply with local
payment may also be adopted regulations and guidelines

Payment Wallets can also be launched for ease in

payments.

Figure 6. SWOT Analysis for WhatsApp Pay

4. Transition State of WhatsApp Pay

Figure . Transition State for WhatsApp Pay

5. Current Process of WhatsApp Pay
• The Current System allows users to use WhatsApp as a messaging and Calling
application.
• User can install WhatsApp from Google store and install it on their phones.
• User will have to register themselves to create their WhatsApp for the first time.
• Once registered, User can chat or call their contacts via this application. Any chatcan
be pinned, deleted, muted, archived or marked as unread by the user.
• User can also create a group, add one or more than one contacts and send messagesr call
in the group.
• Calls can be voice call or video call.
• User can also create a broadcasting group to broadcast messages to huge contactlist.
• User can manage their WhatsApp details like Display name, profile picture, status.
• User can configure account details, chat and notification details, Storage, and datadetails
under Settings Menu.
• In addition to this, Whatsapp stores and creates backup on daily basis. Incase of re-
login to the application, backup can be restored, and the chats can be ensured to be
up to date.

Figure . Current Process of the system

6. Future Process of WhatsApp Pay
• In addition to all the above features, Whatsapp will also allow users to make digital
payments.
• Users will have to configure their debit card or credit card details of the bank
accounts.
• After configuration, WhatsApp will ensure the details are authenticated by checkingthe
cards authenticity from Banks System.
• If the cards will be authenticated, then WhatsApp will allow users to make
payments.
• In case if no card is registered or if the details wouldn’t be authenticated, then
payments will not be allowed.
• After card details are registered by the user, user can make digital payment to their
contacts.
• User can go to contact’s chat and select ‘Payment’ from the menu. User will then have to
enter the amount and followed by security pin which will be preconfigured. If the security
pin is valid, then the payment would be successful, else payment operationwill be aborted.
• Another approach is via QR Code. You can go to Payments from the menu. User cantap on
the QR code showing next to their name to show their QR code using which people can
send them money. User then will have to tap on the new payment optionlocated on the
bottom right of the display.
• User selects a contact or the scan QR code option.
• Transaction History will be maintained for the us
 er
to view the same.
 7. Scope of the Proposed System explained via Use-case Diagram

Figure 10. Usecase Diagram for WhatsApp Pay Feature

8. Main Features of the Proposed System

• Proposed system will ensure easy peer to peer payments. Users can send money to
family, friends, or relatives all through WhatsApp.
• Users need not go to the bank or use wallets, bank apps, or NEFT to transfer money.
• It will be a one-click payment.
• Easy and user-friendly interface of WhatsApp would make digital payments seamlessand
there will be no need to enter details at multiple page loads.

9. In-Scope and Out-of-Scope Requirements

In Scope Requirements
• Addition of Bank accounts to WhatsApp User Account
• Linkage of Debit and Credit cards to WhatsApp User Accounts
• Additional credentials management making Digital Payments
• Payment or Receipt of funds to/from Contacts via WhatsApp Digital Payments
• Notification of Payments/Receipts of transactions done via WhatsApp Pay.
• Digital Payments through QR Code
• Integration with Banks, Payment system operators and Payment Gateways for
seamless transfer of funds.
 • Payments Process to follow local and global guidelines and protocols for secure
transactions.
• Payment feature would be available in multiple languages.
• Display of Transaction History will be available to the users.

Out of the scope requirements

• WhatsApp pay will not be accessible to users who do not have WhatsApp Account.
• Payments would not be allowed for users whose Bank Accounts are not added.
• WhatsApp Wallet is currently out of scope

10. Business Requirements

Functional Requirements
1: Linkage of Debit and/or Credit Card to WhatsApp Account:
System will allow WhatsApp Users to add their bank accounts by providing the option to configure
theiraccount from Settings.
• User can go to Payment Account Details sub menu under Settings menu.
• In Payment Account Details, user can view his/her debit and/or credit
card details if already added to the system. Users can remove their
card details if theywish to.
• To add new card details, user can click on add and can fill in all the
details onthe form like Account holder name, Account number, IFSC
Code and Card Validityperiod.
• All the details entered by the user would then be sent to Bank’s
system tovalidate and authenticate the card details entered by the
user. On fetching authentication on the same, user card will then
be linked to WhatsApp User’s Account.
• Users can make digital payments only if there is at least one
authentic card linked totheir WhatsApp Account. Moreover, the
transfer can only be done to the contacts of the WhatsApp User.
2: Process of payments made to and from WhatsApp users accounts:
There can be two approaches for making digital payments.
Approach 1:
1. To use the WhatsApp Pay feature the user needs to have a bank account with itsdebit card or a
credit card
2. Users shall select the person they want to send money to from their WhatsAppcontact list
3. Users shall click on payments option in their chat settings
4. Users shall enter the amount they wish to transfer
5. Users will then enter a security Pin
6. Users will click on the transfer button
7. Money is transferred
8. The sender and the receiver will both receive a payment notification on theirchat window
once the fund transfer has been made.
9. In cases where the user is requesting money, tap on request and wait for theperson to
accept your request.
10. The feature should be available in multiple languages.
Approach 2:
1. User goes on the main page of WhatsApp and opens the payments option.
2. User then taps on the QR code showing next to their name to show their QRcode using
which people can send them money.
3. User taps on the new payment option located on the bottom right of the display.
4. User selects a contact or the scan QR code option.
5. The rest of the process remains the same as above.
Transaction History: Users will be able to view their transaction history.

Non-functional Requirements:
• The system should be scalable to cater to more users when
launched in modularmanner.
• The system should be secure. All the transactions details should be
encrypted toensure that data at rest and in motion is secured.
• Performance of the system irrespective of number of users using the
system shouldbe under acceptable limits.

11. Wireframes
Below is the screen when user clicks on Payments Menu. From this screen, users can add their Debit
or Credit cards.