Soon you will be able to make money transactions with your WhatsApp Account. Axis Bank of Private Sector is going to provide payment facility soon on the Whatsapp app. Axis Bank has said that it will start processing payments on WhatsApp soon. The bank has described the Unified Payments Interface (UPI) as a major occupation.
The UPA (Unified Payment Interface) is a huge opportunity. Anand says that we believe that the UPA is the biggest innovation and opportunity at the mo the ent.
Working on partnership with Ola, Uber
Rajiv Anand said that we are working with partners like Google, What’sapp, Uber, Ola and Samsung Pay to provide payment to our customers. Axis Bank says the bank is acquiring 20% market share through the UPA space.
Service will be available within 2 months
He said that Google is running fast first. We are in the process of integration. In the next couple of months, Axis Bank users will be able to make payments through Whatsapp. It is currently undergoing testing on the Vita version.
Expenditure of more than 51 thousand crores
Axis Bank says that its expenditure on mobile banking hacroresched 51,030 crore in the third quarter of the financial year 2018. This amount is 71% more than the previous year. The bank is committed to pursuing Digital India agenda.
More than 66 percent of transactions in digital mode
The bank says that in the third quarter, more than 66 percent of its transactions were in digital mode. This figure was 52 percent in the first quarter of the financial year 2017.
Focus on Credit, Debit Card
According to bank officials, the focus of the bank is on the cards (both credit and debit). Axis Bank remains a market leader in case of accepting card acceptance Terminal. The number of its terminal quarter quarter of the financial year 2018 was 4,79,200.