WhatsApp Pay launches in India.
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.