WhatsApp Payments goes live with ICICI Bank, SBI and others across India
WhatsApp Payments is now available with ICICI Bank, SBI, HDFC for all users in India.
The Facebook-owned messaging app has partnered with banks including State Bank of India, HDFC, ICICI and Axis Bank.
WhatsApp was granted approval by NPCI to go live in November 2020.
Days after its announcement, WhatsApp Payments is now available with ICICI Bank, SBI, HDFC for all users in India. The Facebook-owned messaging app has partnered with banks including State Bank of India, HDFC, ICICI and Axis Bank. to make the feature available for Indian users. WhatsApp was granted approval by NPCI to go live in November 2020. The payment method will let WhatsApp users transfer and receive money on the platform.
Talking about the partnership with banks, Abhijit Bose, Head of WhatsApp, India said, “We’re 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. UPI is a transformative service and we jointly have the opportunity to bring the benefits of our digital economy and financial inclusion to a large number of users who have not had full access to them before.”
Bijith Bhaskar, head, digital channels and partnership at ICICI Bank has said that over the months more than two million users have adopted banking services on WhatsApp. “Keeping the convenience in mind, we introduced banking services on WhatsApp in April. The initiative helped our customers bank conveniently and remotely without visiting the branch during the pandemic. We have seen an encouraging response from our customers. Over two million users have adopted banking services on WhatsApp in this short span. Now with WhatsApp Payments, there is a unique opportunity to scale essential financial services to people all over the country with ease,” he said.
Here is how you can enable the feature on your phone
On your Android device, open your chat window on WhatsApp and tap on three vertical dots on the top right corner.
— You will find the Payments option on the list. Tap on it.
— Once the Payments window opens, tap on Add new payments method
— Tap on accept and continue to proceed further
— When you tap on accept, you will be taken to a new window with a list of banks that have partnered with WhatsApp
— Select your bank from the list and verify the account using your phone number. Remember to use the number you have registered with your bank.
— Tap allow to let WhatsApp verify your account and send texts to authenticate
— Once you enter the number, WhatsApp will verify with your bank and set up the payment.
— Hit done and access your Payments page.
“We’ve been working on this with the National Payments Corporation of India, who oversee everything to make sure it’s secure and reliable. And we’ve built it using India’s Unified Payments Interface, which makes it easy for anyone to instantly accept payments across different apps — and for companies to provide people with great services,” Facebook CEO and co-founder Mark Zuckerberg had said about the launch.
WhatsApp has rolled out the feature in Brazil and India but the feature would be available in Mexico, UK, Spain and Europe in the future.