BusinessWhatsApp Payments For All Indian Users As Early As Next Week: Report
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WhatsApp Payments For All Indian Users As Early As Next Week: Report
Pilot version of WhatsApp Pay -- started with 1 million users in February
More than 200 million Indians already use WhatsApp messaging
State Bank of India will join once it has the necessary systems in place
The entry of WhatsApp into India's payments space has been likened to WeChat.
Facebook Inc. is set to offer its WhatsApp payment services to the whole of India as early as next week in an attempt to win market share, even though its partners aren't all ready, said people familiar with the matter.
The messaging app will partner HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. to process the transfers, and State Bank of India will join once it has the necessary systems in place, the people said. Facebook was ...