WhatsApp To Launch Pay Service In India Very Soon
New Delhi: Facebook-owned WhatsApp which is planning to launch its peer-to-peer, UPI-based Pay service in India later this year.
“With a billion mobiles, lowest data costs, highest mobile data consumption, average age of 29 and almost 400 million users, the future of WhatsApp is obviously in India,” tweeted Niti Aayog CEO Amitabh Kant.
Delighted to interact with Will Cathcart Global Head of WhatsApp & release the book “A Billion Opportunities” With a billion mobiles, lowest data costs , highest mobile data consumption, average age of 29 & almost 400 mln users the future of What’s App is obviously in India. pic.twitter.com/p9PML5wsZd
— Amitabh Kant (@amitabhk87) July 25, 2019
WhatsApp did not dispute the figure cited by the Niti Aayog CEO, suggesting that the instant messaging platform has added 200 million users in the country in the past two years.
WhatsApp had 200 million active users in India in 2017.
The company launched a test run of its payments service with one million users in the country last year which got stuck in the digital payments framework guidelines but now, the service is in the final stages.
“To boost digital inclusion in India, we can launch the (Pay) service across the country later this year after meeting regulations,” Cathcart told the audience at an event on Thursday.