Friday, November 6, 2020

India The First Asian Country To Use WhatsApp Pay

 Facebook launched a payment service for the WhatsApp application in India today, thus becoming the first Asian country to enjoy the facility.

The service, however, had to wait for more than 2 years to get approval from the Indian government.

India is the largest market for WhatsApp with 400 million people using the application.

"The payment service is now available in 10 local language versions," Facebook CEO Mark Zuckerberg said in a video.

WhatsApp informed that it has cooperated with five banks in India including State Bank of India and Jio Payments Bank.

According to the National Payments Corporation of India (NPCI) in a statement yesterday, WhatsApp at this early stage will launch the service to 20 million users.

Following the launch of the service, WhatsApp has to compete with several firms that also launch similar services in India namely Google, Walmart and Alibaba.

Last June, WhatsApp launched the service in Brazil and is currently planning to expand the service to the Indonesian and Mexican markets.