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WhatsApp set to roll out digital payment service in India

IBEF:  April 05, 2017

Mumbai: Facebook Inc owned instant messaging application, WhatsApp, is planning to enter the digital payment services segment in India by working towards launching person-to-person payments within the next six months, as per news website, The Ken. The company is looking to hire a digital transactions lead with a technical and financial background in India and has an understanding of India's Unified Payments Interface (UPI) and BHIM payments app. Further, a WhatsApp spokesperson stated that the company wants to contribute to Digital India, the Government of India's flagship programme and is thereby exploring opportunities to work with companies that share a similar vision.              

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.