Axis Bank will soon have the opportunity to process payments over the WhatsApp.

Rajiv Anand, Axis Bank executive director and head of retail banking stated, “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.”

Moreover it should be noted that, WhatsApp or Google are only the front-end, via which transactions are carried out, but they need to have tie-ups with banks at the back end for carrying out fund transfers.

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