Social Media Technology

WhatsApp Pay may launch in India by the end of May

WhatsApp Pay may ready to launch by the end of the month. According to a report, the payment service by the instant messaging app, which is currently live under beta testing, will soon be launched in partnership with three private banks – Axis Bank, HDFC Bank and ICICI Bank and later in the public sector State Bank of India (SBI) will also be added. Currently, WhatsApp Pay in Beta Testing phase allows transactions based on Unified Payment Interface (UPI) through ICICI Bank.

In the Moneycontrol report, citing some sources aware of this news, it has been claimed that the process of integration of Axis Bank, HDFC Bank, ICICI Bank and SBI in WhatsApp is going on. However, it has been said that initially WhatsApp Pay service will be started with three private banks out of the above mentioned banks and later SBI will be added to it.

Google Pay and Truecaller are among the major platforms that currently allow transactions through multiple banks. Interestingly, Google Pay already has Axis Bank, HDFC Bank, ICICI and SBI as the acquiring banks, which enable UPI-based transactions.

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