WhatsApp to soon roll out payments services in India

6 august 2020

The social messaging platform WhatsApp will soon roll out payments services for its users in India, according to goodreturns.in. The company said that NPCI is satisfied of its compliance with the RBI’s guidelines on data localistion.

„Our team has worked hard to meet these standards over the last year,” the company said. „WhatsApp shares Honorable Prime Minister Modi’s belief to invest in India and we are committed to playing a strong role by being a significant channel for accelerating financial inclusion and a more Digital India. We are excited to provide payments to all of our users in India soon.”


Since the pilot phase in India, the payments service of the incumbent had been limited to just 1 million customers.

In its Q2 earnings call, Mark Zuckerberg said that the company was undergoing talks with regulating entities in India and Brazil, but talks were going at a rather slow pace.

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Gabriela Nistor – director general adjunct BT

Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?