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Detailed explanation-1: -The Facebook-owned messaging platform that has around 400 million users in India said that it is partnering with four new banks, which includes State Bank of India, HDFC Bank, ICICI Bank and Axis Bank for expanding the scope of WhatsApp Pay in India.
Detailed explanation-2: -State Bank of India (SBI) It also offers WhatsApp services for balance inquiries, mini statements, etc.
Detailed explanation-3: -Now, the National Payments Corporation of India (NPCI)-the body which handles UPI and its rules-has approved an additional 60 million users on WhatsApp Payments, bringing the total to its 100 million users.
Detailed explanation-4: -WhatsApp is simplifying UPI-based payments by allowing users to send money as easily as sending a message. To get started with UPI payments, all you have to do is tap the ‘₹’ icon while chatting with the recipient or scan any QR code at over 20 million QR-coded stores.