What is WhatsApp banking? Which bank provides WhatsApp banking?

What is WhatsApp banking? Which bank provides WhatsApp banking?

Recently, the State Bank of India launched its “WhatsApp Banking Services”. This service will help SBI customers to avail some of the banking services on WhatsApp. This will make banking easier for the customers as it will reduce the need of downloading the SBI app or going to ATM anymore.

How to use SBI’s WhatsApp service.

Step 1- Registration

You must first register to use this service through SBI WhatsApp Banking. To do so, type WAREG, then your account number separated by a space, and send an SMS to 7208933148. You have to keep one thing in mind: send this message from the same number which is registered in your SBI account.

Step 2: Send message WhatsApp number 90226 90226

Following successful registration for SBI WhatsApp Banking, your WhatsApp number will receive a message from SBI’s number 90226 90226. You can save this number.

Step 3- Start WhatsApp banking

Send ‘Hi SBI’ to this number 90226 90226 or reply on the message you received on WhatAapp. Once you message, you will receive the below message.

Dear Customer,
Welcome to SBI Whatsapp Banking Services!
Please choose from any of the options below.
1. Account Balance
2. Mini Statement
3. De-register from WhatsApp Banking

You need to send ‘1’ to get details of your bank balance and ‘2’ to get details of your Mini statement. To de-register with SBI WhatsApp Banking, you have to type 3. Other banks that offer WhatsApp banking services include ICICI Bank,  Bank of Baroda, IDFC First Bank, and  Axis Bank.

Application Programming Interface (API)

SBI will also launch API banking for corporate clients and aggregators. Under this system, APIs are used to communicate between bank and client servers.

About WhatsApp Banking

WhatsApp had rolled out the payment services in India in 2020, after getting approval from the National Payments Corporation of India (NPCI) in July 2017. NPCI also imposed a cap of 30% of total transactions being done through the Unified Payments Interface (UPI), in effect from January 1, 2021. WhatsApp users can send money on WhatsApp through UPI supported app, without knowing the bank information of the recipient.

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