Facebook-owned WhatsApp is set to launch digital payments service in its largest market with over 200 million users – India.
WhatsApp – An instant messaging platform – is working to launch person-to-person payments in India in the next six months, news website The Ken reported.
A job posting on WhatsApp’s website has invited applications for the role of “Digital Transactions Lead, India”, which it describes as helping users of a forthcoming digital payments service, collaborating with banks and developing “global support” for the new offering. A WhatsApp spokesperson said,
“India is an important country for WhatsApp, and we’re understanding how we can contribute more to the vision of Digital India. We’re exploring how we might work with companies that share this vision and continuing to listen closely to feedback from our users.”
Back in February, co-founder of WhatsApp, Brian Acton, told the local media that “they were in talks with the Indian government for the launch of digital payments in India.”
WhatsApp entering digital payments ecosystem in India will definitely create a tight competition with a local payment company, Paytm.