WhatsApp pay goes live in India with four banks.
                     WHATSAPP PAY GOES LIVE 
IN INDIA WITH FOUR BANKS
INTRODUCTION
WhatsApp Pay revealed it is now live for its up to 
20 million users in India with State Bank of India, 
HDFC Bank, ICICI Bank and Axis Bank. 
Source: www.thenewsminute.com
WHATSAPP PAYMENT SERVICE
After two years of waiting, in November, the 
Facebook-owned WhatsApp payment service 
obtained clearance from the National Payments 
Corporation of India (NPCI) to go live with over 
160 supported banks on the Unified Payment 
Interface (UPI).
Source: trak.in
UPI USER BASE
Starting with a limited registered user base of 20 
million, WhatsApp will eventually broaden its 
UPI user base. 
Source: www.thenewsminute.com
ECONOMY AND FINANCIAL INCLUSION
Abhijit Bose, Head of WhatsApp, India said that 
UPI is a transformative service and we 
collectively have the ability to introduce the 
benefits of digital economy and financial 
inclusion to a vast number of users who have 
not had complete access to them before.
Source: www.yourstory.com
PEER-TO-PEER (P2P) PAYMENT
The peer-to-peer (P2P) payment feature is now 
available in WhatsApp's 10 Indian regional 
language variants.
Source: www.walletfactory.com
WHATSAPP BANKING USERS
• In April, WhatsApp launched banking 
services. In this short period, over two 
million users have embraced WhatsApp 
banking services. 
• The WhatsApp payment service competes in 
India against major players such as, among 
others, Paytm, Google Pay and PhonePe.
Source: www.indeednews.com
SCALE CRITICAL FINANCIAL SERVICES
Now with WhatsApp Payments, there is a 
unique ability to quickly scale critical financial 
services to people around the country.
Source: www.akamai.com
DIGITAL PAYMENTS IN INDIA 
Digital payments in India are projected to hit $94 
trillion by the financial year 2025, according to 
the latest study by the Bengaluru-based 
consulting firm RedSeer.
Source: www.thenewsminute.com
PARTNERSHIP
The company is excited and privileged to partner 
with State Bank of India, ICICI Bank, HDFC Bank 
and AXIS Bank to bring simple and secure digital 
payments to WhatsApp users across India.
Source: www.thenewsminute.com
SBI VIA WHATSAPP
• Via WhatsApp Payments, SBI now provides 
UPI services, offering the ease of simple and 
instantaneous mobile-based payments.
• Such partnerships will further fuel the 
economic growth and development of the 
nation.
Source: www.india.com
PRIVACY
• WhatsApp has previously said that a broad 
range of protection and privacy rules were 
planned for the payments functionality, 
including entering a personal UPI PIN for 
each payment.
Source: www.wireduk.com