WhatsApp Payments India launch delayed as Facebook awaits government’s nod

Monday, July 30, 2018

Facing intense scrutiny in India over the spread of misinformation and fake news on WhatsApp, its parent company Facebook has said it is waiting for a green signal from the government to roll out peer-to-peer payments feature for over 200 million users on the instant mobile messaging platform.

In an earnings call with analysts after reporting its Q2 2018 results, CEO Mark Zuckerberg said the company has been testing the payment feature on WhatsApp in India for some time.

“It gives people a really simply way to send money to each other and contribute to greater financial inclusion. The feedback and usage have been strong. All signs point to a lot of people wanting to use this when the government gives us the green light,” Zuckerberg said.

Photo courtesy of Meena Kadri.

Source: Financial Express (link opens in a new window)

digital payments, fintech