WhatsApp is set to launch in India later this month. It will start in collaboration with three private banks. Axis Bank, HDFC Bank and ICICI Bank will launch the first phase of the project.
Continues to work with the government to ensure that all our users have access to WhatsApp payments. WhatsApp will help accelerate payments into digital payments. This is especially important at times like Covid-19. Because WhatsApp provides the safest way to transact for our 400 million users in India, a spokesperson for WhatsApp said.
Currently, WhatsApp Pay allows transactions based on Unified Payment Interface (UPI) through ICICI Bank. State Bank of India (SBI), a public sector lender, will join the next phase. The SBI's delay is due to the need for a "strong security architecture" that meets regulatory guidelines.
Facebook-owned social messaging app WhatsApp has more than 400 million users in India and over 2 billion users worldwide.
