WhatsApp likely to roll out payment service in India later this year

Will Cathcart, WhatsApp Global Head, says the company's vision is to make the process of sending money as easy as sending a message on the platform

by exchange4media Staff
Published - Jul 25, 2019 6:17 PM Updated: Jul 25, 2019 6:17 PM
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WhatsApp Global Head Will Cathcart on Wednesday said the company could roll out its payments service to users across India later this year.


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 the process of 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 to more of our users all across India by later this year," he said. 


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 at rolling out its payments service in other markets as well.
 

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