WhatsApp Global Head Will Cathcart on Wednesday said the company could roll out its payments service to users across India later this year, according to BT.
The messaging app, which has about 400 million users in India, has been testing its payments in the country since last year with about a million users.
Cathcart said the company’s vision is to make sending money as easy as sending a message on the platform.
„We believe that if we get this right, it will accelerate financial inclusion and bring value for people in India’s fast growing digital economy, We can’t wait to provide the service more of our users all across India later this year,” he said at an event here.
WhatsApp’s service, which would compete against the likes of Paytm, PhonePe and Google Pay, is yet to be rolled out nationally in India.
The Facebook-owned company, which has over 1.5 billion users globally, is looking rolling out its payments service in other markets as well.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
