WhatsApp Pay Now Supports SBI, HDFC, ICICI and Other Banks: Here’s What It Means
WhatsApp officially launched WhatsApp Pay in India last month. Today, nearly a month later, the company announced that it is partnering with a host of banks in India to enable a wider roll-out of the service in the country.
The Facebook-owned messaging platform, which has around 400 million users in India, said it is partnering with four new banks, including State Bank of India, HDFC Bank, ICICI Bank and Axis Bank to expand the reach of WhatsApp Pay in India.
This means that now WhatsApp users will be able to use their SBI, HDFC Bank, ICICI Bank or Axis Bank accounts to make payments using WhatsApp Pay, which is in addition to other banks, such as Airtel Payments Bank. , that the service already supported.
We are delighted and privileged to partner with State Bank of India, ICICI Bank, HDFC Bank and AXIS Bank to provide simple and secure digital payments to WhatsApp users across India. UPI is a transformative service and together we have the opportunity to bring the benefits of our digital economy and financial inclusion to a large number of users who have not had full access to it before, said Abhijit Bose, Head of WhatsApp, India. the announcement.
For those of you who are unsure, WhatsApp Pay is a digital payment platform launched by WhatsApp. It uses the National Payments Corporation of India (NPCI) Unified Payment Interface (UPI) system to allow WhatsApp users to transfer money to each other. This not only includes peer-to-peer payments, such as between you and your friend or family members, but also between you and a business, such as between you and your nearest kirana store.
In addition to this, WhatsApp also announced that the State Bank of India will now offer UPI services through WhatsApp Payments.
