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This Article is From Dec 03, 2018

Paytm Stops Its WeChat-Inspired Messaging Service

Paytm said it stopped its messaging service, Paytm Inbox, as it was facing cost issues to scale up the app.

Paytm Stops Its WeChat-Inspired Messaging Service
A sign for PaytM online payment method, operated by One97 Communications Ltd., is displayed on top of a bag of rice at a wholesale market in Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Paytm said it stopped its messaging service a little over a year after its debut as scaling up the app would have added to the costs of the digital payments platform.

Paytm Inbox—that allowed users to not just send and request money, but also chat using the app—was inspired from China's Tencent-backed WeChat to take on rivals such as WhatsApp and Hike.

While Paytm founder Vijay Shekhar Sharma confirmed that the chat function has been removed, he told BloombergQuint that the company plans to release it after upgrading the feature with social content.

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