Here’s what leading Indian banks have to say about WhatsApp Pay
India’s top banking and finance representatives share insights on their partnership with WhatsApp to provide peer-to-peer digital payments solutions using the newly-launched WhatsApp Pay.
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“For the majority of us, WhatsApp is the last screen we fall asleep to and the first screen we wake up to,” said Abhijit Bose, Director of Business Development at WhatsApp, delivering the keynote at Facebook’s Fuel for India 2020, a digital conclave featuring conversations and stories that are shaping India’s growth.
“To move to a truly cashless and inclusive economy. People who are new to digital payments need a simple, secure and trusted way to get onboard, and complete the last and most important leg of any transaction.
2 crore Indians on Zuckerberg s WhatsApp Pay despite concerns
2 crore Indians on Zuckerberg s WhatsApp Pay despite concerns
Last Updated: Wed, Dec 16th, 2020, 13:38:12hrs
Mumbai: If recent reports are to go by, WhatsApp Pay could be used by at least 2 crore Indians thanks to leading banks and the National Payments Corporation of India (NPCI) for enabling WhatsApp to connect with the Unified Payments Interface(UPI).
On Wednesday, WhatsApp Pay announced that it was live with leading banks of India - State Bank of India, HDFC Bank, ICICI Bank, and Axis Bank via the National Payments Corporation of India s (NPCI) UPI network.
WhatsApp received approvals to go live on the UPI network in November. The UPI network is an interface that allows communication between 160 supported banks. WhatsApp has initially received approval for a customer base of 2 crore registered users. The information was shared during the Fuel for India event held on Facebook live.
WhatsApp Now Offers Banking Services to Over 2 Million ICICI Bank Customers
Five banks have partnered with WhatsApp to enable payments on the platform. By Jagmeet Singh | Updated: 16 December 2020 14:11 IST
WhatsApp is allowing banking services alongside enabling UPI payments on its platform
Highlights
Axis Bank and HDFC Bank are among the partners for WhatsApp payments
WhatsApp received the approval for payments feature last month
WhatsApp is getting bigger in India not just as an instant messaging app but also as a standalone platform that offers banking services to customers of commercial banks in the country. At the Facebook ‘Fuel for India virtual event on Wednesday, ICICI Bank announced that over two million customers had adopted banking services on WhatsApp. The commercial bank is also among five banking partners that are powering WhatsApp s payment feature, which is initially available for up to 20 million users in the country.