BENGALURU: WhatsApp will roll out its payments service in India this year following a year-long pilot, its global chief Will Cathcart has said, as the Facebook-owned messaging giant taps an upsurge in digital payments in its dominant market.
"It's a regulatory approval question in India at this point," Facebook Chief Executive Mark Zuckerberg said on Thursday on the company's earnings conference call in reference to WhatsApp Pay. WhatsApp now has about 400 million users in India, a person familiar with the matter said on Friday, encompassing almost a third of India's population of 1.3 billion. The person did not wish to be named because they were not authorised to discuss the matter with the media.
"Payments services are critical to ... bringing millions more people into India's fast-growing digital economy," Will Cathcart, WhatsApp's global head, said in New Delhi on Thursday.
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