whatsapp is preparing to enter the electronic payment market




Watts and start from India
Wattsp will reportedly launch India’s e-payment service within six months.
Google + LinkedIn Facebook Twitter
Facebook’s Facebook-based instant messaging service is poised to enter India’s e-payment market in its first global bid, saying it is looking to spearhead its digital business operations in the country.

The move to access the ePay market in India, one of its largest markets with 200 million users compared to more than 1 billion users around the world, is a repeat of similar steps from the Tencent Messaging application in China.

The Ken News website quoted unnamed sources as saying that Wattsb is launching a one-to-one e-payment service in India within the next six months.

A job posting posted by Wattsb on its website showed that it was looking for a candidate with technical and financial background, familiar with the Indian Payment Interface (UPI) and the payment application BHIM, which allows the transfer of money and electronic payment using telephone numbers to be the head of digital transfers in the country.

“India is an important country for Wattsp, and we understand how we can contribute more to India’s digital vision,” a Wattsb spokesman said, referring to a leading government program to promote the use of Internet-based services in the country.

“We are looking at how we can work with companies that share this vision and continue to listen closely to the feedback from our users,” he said, without elaborating.

Digital transactions in India rose after Prime Minister Narendra’s ban on some high-value notes in November, which accounted for more than 80 percent of the country’s currency at the time.

In February, founding member of Watts, Bryan Acton, told local media that the service was in the early stages of considering an e-payment service in the country and that he planned to discuss it with the Indian government.

The application of renowned Swedish caller identification, Truecaller, which has a large user base in India, announced last week the launch of a mobile payment service based on the UPI platform.


In: A Technology & Gadgets Asked By: [21020 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »

Star Points Scale

Earn points for Asking and Answering Questions!

Grey Sta Levelr [1 - 25 Grey Star Level]
Green Star Level [26 - 50 Green Star Level]
Blue Star Level [51 - 500 Blue Star Level]
Orange Star Level [501 - 5000 Orange Star Level]
Red Star Level [5001 - 25000 Red Star Level]
Black Star Level [25001+ Black Star Level]