There would now be tie-ups between Indian banks and messaging application WhatsApp to create a payments platform. Facebook-owned WhatsApp has initiated discussions with several Indian banks and other financial services institutions to allow its users to make payments through UPI. News reports said WhatsApp is in talks with the State Bank of India and other financial institutions and the National Payments Corporation of India to integrate payments on its platform. Recently, another messaging platform, Truecaller had introduced UPI-based payments into its app in partnership with ICICI Bank. Similarly, Hike has partnered with YES Bank for the same.
Michael Archer
July 2, 2017at6:24 pm
It is a good move by WhatsApp to have discussions with several of the Indian banks to promote UPI- based payments. It will be interesting to note how this venture shapes up in the future.