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WhatsApp P2P Funds: WhatsApp International Head Will Cathcart On Whatsapp Fee Service India | Whatsapp can begin fee service in India this 12 months, 40 million customers within the nation – jj
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WhatsApp P2P Funds: WhatsApp International Head Will Cathcart On Whatsapp Fee Service India | Whatsapp can begin fee service in India this 12 months, 40 million customers within the nation

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  • Last year, testing started with 10 million users, expected to be completed this month
  • Global head of the company said – want to make fund transfer as easy as sending a message
  • 2 months ago said that the service will be launched only after fulfilling the rules of the RBI

Dainik Bhaskar

Jul 25, 2019, 03:38 PM IST

new Delhi. The global head of Whatsapp, Will Cathcart says that his company can start paying service in India this year. Cathtart, who came to India on a tour, said this in an event on Thursday. They say that Whatsapp fund also wants to make transfer as easy as sending a message. Whatsapp has been testing payment service with about 10 million users since last year. It has 40 million users across the country.

Whatsapp was charged with not being secure on payment platform

  1. Whatsapp will be competing with companies like PayyMM, PhonePay and Google Pay in payment service in India. Facebook group company Whatsapp has 150 million users worldwide The company is also considering introducing payment services in other markets other than India.

  2. To get started with Whatsapp, you have to face challenges such as verification and authenticity of data storage. Competitor companies have alleged that WhatsApp's pay platform is risky for consumers. It is not even in accordance with fixed rules.

  3. In October last year, WhatsApp had said that according to the rules of the RBI, it has already prepared a system for payment data in India. In May this year, the company had said in the Supreme Court that the trial of payment service is expected to be completed by July but, it will not launch the service without following RBI rules.

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