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6 May 2020

WhatsApp Pay may be launched in India by the end of this month

WhatsApp Pay Beta has been available in India for the last two years, but it has not been officially launched. The reason is that it still has some approval in India. According to reports, WhatsApp Pay may be launched by the end of this month.

Earlier, it was reported that National Payments Corporation of India (NPCI) has approved the launch of WhatsApp Pay in India and it will be launched in several phases.

Facebook instant messaging app WhatsApp may soon launch its WhatsApp Pay service in India. According to the report, the new payment service could be launched by the end of May. According to a report by Moneycontrol, WhatsApp has teamed up with three private banks, ICICI Bank, HDFC Bank and Axis Bank for the payment service.
State Bank of India (SBI) will not be added in the first phase. The National Payments Corporation of India or NPCI recently announced that the payment service with a number of UPI-based banks has been made mandatory for large digital platforms.

True Color and Google Pay currently offer transaction options through multiple banks.



A report from Money Control, citing two bankers who monitored WhatsApp's development, claims that WhatsApp Pay will go live later this month.

WhatsApp has partnered with India's top-3 banks for it. These include ICICI Bank, Axis Bank and HDFC Bank. According to the report, State Bank of India is not ready for the first phase.

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Money Control is a spokesperson for WhatsApp. We are constantly working with the government to provide WhatsApp Payment to all users. Payment on WhatsApp can help 400 million users in India in a safe transaction during Covid 19.

Currently, WhatsApp's parent company Facebook has invested in Indian telecom company Reliance Jio. It was then hoped that WhatsApp and Geo could jointly launch a super app with a payment option.

Click Here to Read in Gujarati

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