Instant messaging platform WhatsApp has gone live with its payments offering in India with four banks: State Bank of India, ICICI Bank, HDFC Bank and Axis Bank.
WhatsApp will now offer Unified Payments Interface (UPI)-based payments to its users. It was given permission to go live in November 2020 by the National Payments Corporation of India, the country’s flagship payments processor that operates UPI.
NPCI has kept a cap of 20 million users on WhatsApp Payments but that will be eased over a period of time.
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