Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 02, 2018

Facebook Opens WhatsApp To More Businesses, Adds Revenue Stream

Facebook Opens WhatsApp To More Businesses, Adds Revenue Stream
Icons for the WhatsApp Inc. mobile-messaging application WhatsApp and the Facebook Inc. application are displayed in a social media folder on the screen of an Apple Inc. iPhone (Photographer: Chris Ratcliffe/Bloomberg)

Messaging platform WhatsApp is expanding its business services to enable more companies to communicate with customers, and has also opened a whole new way to make money out of it. With WhatsApp business, the Facebook-owned platform wants to charge big businesses that want to reach their customers through its service.

Whatsapp is extending API, or application programming interface, to more businesses that will allow them to send customised notifications with relevant, non-promotional content such as shipping confirmations, appointment reminders or event tickets, it said in a blog post yesterday.

These messages will be charged at a fixed rate for confirmed delivery. Businesses may also provide real-time support on WhatsApp or assist customer in resolving an issue.

Facebook had been looking at ways to monetise the messaging platform which it acquired four years ago for about $19 billion. More than 200 million Indians already use WhatsApp messaging,

WhatsApp will also ensure that businesses reply to questions or comments within 24 hours, as any message sent more than 24 hours after the customer's response will be charged, the blog said. Customers can also block any message as per choice.

WhatsApp has been piloting the business offering since last September and says is working with more than 90 large businesses globally, including online travel website MakeMytrip, Singapore Airlines, ride hailing app Uber, among others.

Separately, the Indian government is holding up Facebook's plans for a nationwide launch of its WhatsApp payments service over concerns about how users' data will be stored, Bloomberg reported last month.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search