"The narrative from the fintech side has changed from being competitors to banks to collaborators to banks. Whether it is Axis powers Google tez for UPI or we will soon power WhatsApp for UPI," its executive director and head of retail banking, Rajiv Anand, said at an event here.
It can be noted that the Facebook-owned app is already in the test phase of its payments application, where it is using the Unified Payment Interface for processing payments.
WhatsApp has tied up with ICICI Bank to launch its payment service last month.
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