New Delhi, Nov 6 (UNI) US-based messaging service WhatsApp on Friday said it had started its payments service in India, through which people can send money online as long as they have a bank account and debit card.
“People can safely send money to a family member or share the cost of goods from a distance without having to exchange cash in person or going to a local bank”, WhatsApp said in a statement.
The US-based company said that they are delighted to be working with five leading banks of India — ICICI Bank, HDFC Bank, Axis Bank, the State Bank of India and Jio Payments Bank.
The messaging service owned by Facebook counts India as its biggest market with more than 400 million users.
It has been running a peer-to-peer payments service with limited users for over two years and was awaiting regulatory approvals.
The National Payments Corporation of India (NPCI) gave its approval on Wednesday to “Go Live” on Unified Payment Interface (UPI) in a graded manner.
