’s plans for payments in India, first reported by The Ken, an Indian business news website. Also, WhatsApp, is planning to move in the digital payment services sector in India, it will done by working towards launching person-to-person payments in the next six months. WhatsApp representative specified that the company desires to contribute to Digital India.
WhatsApp Set To Roll Out Digital Payment Service In India
WhatsApp could quickly launch a payments function in India, actually it is offering anywhere in the world. It is currently entering in “Digital Transactions field”, that is what app is going on the way to its careers development. However, India might just be WhatsApp’s most vital market, making up roughly 15% of its universal user base.
However, WhatsApp aims to linked on the UPI standard to roll out a peer-to-peer payments facility like Venmo for its 200 million users in India within the next six months. According to a Tuesday report said by, The Ken. WhatsApp declined to deliberate its plans for payments in India. But WhatsApp said that it was discovering ways to provision the government’s “Digital India” drive.
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According to Neil Shah, an analyst at Counterpoint Research, He said that WhatsApp was the best platform to use for the entry in India’s mobile money market sector. However, India has many WhatsApp users than any other country. Therefore, Indians have also been strangely active in using WhatsApp to conduct business. Hence, many more people selling baby clothes, medicines, art and craft items and so much things through WhatsApp. So, at least spreading news through WhatsApp.
WhatsApp is wanted to participate in Flagship project of the government. As Flagship project includes the unified payment service which is launched in last year in India. But, Flagship project allows money to moved between different mobile services as well as bank accounts.
A payments service could be critical to help WhatsApp maintain its governance in India, where it competes with Hike and Snapchat.