WhatsApp set to venture in digital payments in India, ties up with three banks

WhatsApp set to venture in digital payments in India, ties up with three banks

Facebook Inc. the owner of popular messaging app WhatsApp is set to expand its arena of business in India and will now launch its digital payment app next week, reports Mint. The app WhatsApp Pay will partner with three of India's largest private sector banks namely HDFC Bank Ltd, ICICI Bank Ltd and Axis Bank Ltd in processing the transfers. State of Bank India will also be included in the system once it has the necessary infrastructure at place.