• India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
More
Hindi Tamil Telugu
More
In the news
Narendra Modi
Amit Shah
Box Office Collection
Bharatiya Janata Party (BJP)
OTT releases
Hindi Tamil Telugu
User Placeholder

Hi,

Logout

India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
Home / News / Technology News / WhatsApp Pay may finally be launched this month: Details here
Next Article
WhatsApp Pay may finally be launched this month: Details here

WhatsApp Pay may finally be launched this month: Details here

By Shubham Sharma
May 05, 2020
06:02 pm

What's the story

WhatsApp's much-coveted digital payments service, WhatsApp Pay, may finally be launched by the end of this month.

The UPI-based feature, which has been in the testing phase since 2018, will reportedly go live with select partner banks to make sending money as simple as sending a message for 400 million users of the Facebook-owned messaging app.

Here's all you need to know about it.

Test

Banks testing integration with WhatsApp Pay

In a recent conversation with bankers familiar with the developments around WhatsApp Pay, Moneycontrol learned that the service is set to be launched by May-end.

The staffers said four banks - SBI, ICICI Bank, Axis Bank, and HDFC - are in the process of integrating with the service but only three (all except SBI) will be joining in the first phase of the roll-out.

You're
20%
through

Details

SBI likely to join later

According to the report, SBI is working closely with WhatsApp for integration but will come in at a later stage, owing to delays revolving around the requirement of a "robust security architecture" in compliance with the government's regulatory guidelines.

Notably, Google Pay, one of WhatsApp Pay's prime competitors, has already roped in ICICI, HDFC, Axis, and SBI for enabling UPI-based transfers, payments.

You're
40%
through

Test

Currently, WhatsApp Pay is being tested with 1 million people

WhatsApp has been testing payments with its 1 million users in partnership with ICICI Bank.

The test started in 2018 but the company has struggled to expand beyond that figure due to regulatory issues and the data localization guidelines from the RBI.

Now, it may finally solve those issues and receive the approval of National Payments Corporation of India for wider roll-out.

You're
60%
through

Roll-out

Roll-out will be executed in phases

That said, it must be noted that the wider roll-out of the service will be executed in phases to ensure that partner banks are not overwhelmed with a sudden spike in transaction volumes.

Over 100 million Indians use UPI-based services but WhatsApp alone has a user-base of 400 million, which shows the kind of push it will give to India's digital payments ecosystem.

You're
80%
through

Quote

Systemic release over months, said one banker

"They will release payments product systemically over the next few months, there was an initial plan to scale it up to 10 million but that got held up because of a public interest litigation (to stop beta testing) in the Supreme Court," one banker said.

Done!
Facebook
Whatsapp
Twitter
Linkedin
Related News
Latest
WhatsApp
ICICI Bank
State Bank of India (SBI)
WhatsApp Pay

Latest

Gaza's last public hospitals shut down amid Israeli bombings Hamas
Suicide bomber kills 10 at army recruitment drive in Mogadishu Mogadishu
Pope Leo XIV urges unity, to continue Pope Francis's legacy Pope Francis
'Fauji': Prabhas gears up for upcoming Hyderabad schedule Prabhas

WhatsApp

WhatsApp flaw could have let hackers access your PC Facebook
Tips and tricks: Here's how to personalize your WhatsApp account Android
WhatsApp's latest iOS beta update brings dark mode for iPhones Android
Telegram's latest update brings new privacy and customization features Android

ICICI Bank

Samsung Galaxy Note 10-series launched in India: Specifications, price, offers India
Samsung Galaxy Note 10, Note 10+ now available in India India
Infinix Hot 8, with triple cameras, available at Rs. 7,000 India
Pre-orders for Vivo V17 Pro live in India: Details here India

State Bank of India (SBI)

#FinancialBytes: SBI Tax Savings Scheme- Interest rate, tenure and more India
Vivo U10, with 5,000mAh battery, launched at Rs. 9,000 India
Now, no more discounts on credit-card payments at petrol pumps India
OnePlus 7T to go on sale in India tomorrow India

WhatsApp Pay

WhatsApp Pay: You can soon make payments on WhatsApp India
Paytm launches "Inbox" in-app messaging service to take on WhatsApp India
How can WhatsApp generate revenue for Facebook? Facebook
How to send and receive money on WhatsApp India
Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin
All rights reserved © NewsBytes 2025