WhatsApp Pay today announced it is now live with State Bank of India (SBI) , HDFC Bank, ICICI Bank and Axis Bank for its up to 20 million users in India.
It was after two years of waiting, that Facebook-owned WhatsApp payment service received approval from the National Payments Corporation of India (NPCI) in November to go live on Unified Payment Interface (UPI) with over 160 supported banks.
WhatsApp can expand its UPI user base in a graded manner beginning with a maximum registered user base of 20 million.
“UPI is a transformative service and we jointly 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 them before,” Abhijit Bose, Head of WhatsApp, India, stated throughout the Facebook ‘Fuel for India’ virtual occasion
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