TECHNOLOGY

WhatsApp may foray into digital payments with India launch

WhatsApp is said to be working to launch person-to-person payments in India in the next six months. (AFP)

Instant messaging app WhatsApp is said to be gearing up to make a foray into digital payment services in India and has even advertised to hire a digital transactions lead in the country, a news report has revealed. The report said this could be its first such offering globally.

According to the NDTV report, WhatsApp is working to launch person-to-person payments in India in the next six months, news website The Ken reported earlier on Tuesday, citing unnamed sources.

“India is an important country for WhatsApp, and we’re understanding how we can contribute more to the vision of Digital India,” a WhatsApp spokesman was quoted by NDTV as saying, referring to a flagship government program that aims to boost the use of Internet-based services in the country.

“We’re exploring how we might work with companies that share this vision and continuing to listen closely to feedback from our users,” the spokesman said. India is home to WhatsApp’s 200 million of its billion plus global users.

Digital transactions in India surged after Prime Minister Narendra Modi’s ban of Rs. 500 and Rs. 1,000 bank notes in November last year that accounted for more than 80 percent of the country’s currency in circulation at the time.

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Last Update: Wednesday, 5 April 2017 KSA 11:11 - GMT 08:11
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