Whatsapp Partners with 5 Banks for UPI Payment

WhatsApp has partnered with 5 Indian banks to course of its cost providers. These are State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Jio Payments Bank. The Facebook-owned messaging platform, WhatsApp Inc., has acquired the approval from the National Payments Corporation of India (NPCI) to launch its Unified Payments Interface (UPI) primarily based funds providers in India, to let customers ship or obtain cash throughout the nation.

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The service can nonetheless be expanded in a graded method. It signifies that initially, Whatsapp can solely roll out the funds service to solely its 20 million customers. The cost system might be rolled out in ten Indian regional languages within the newest model of WhatsApp app.

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