InvestorQ : What Facebook is very keen to open WhatsApp Payment Gateway in India?
Ria Jain made post

What Facebook is very keen to open WhatsApp Payment Gateway in India?

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1 year ago
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Facebook Inc. is showing its recent interest in the ever-booming messaging app, "Whatsapp". The inc. is keen to launch Peer-to-peer payments service on its messenger platform.
It has been the awaiting moment for the Whatsapp payment feature amongst users.

Why launch has been delayed? Whatsapp is under the preparation to get approval to India’s banking regulator, the Reserve Bank of India. WhatsApp payment will cover around 300 million Indian users.
Due to this idea, Payments can be made easily to someone around the globe. As payments for different platforms like MakeMyTrip and BookMyShow will be ease through WhatsApp.
Above all are the reasons that Facebook finds a reason to move towards launching Whstapp Payment.

Facebook is already offering the service in a few developed countries like the US, the UK and France. Whatsapp is using the UPI platform of the National Payments Corporation of India. This safe gateway is already preferred by most other payment apps like Paytm, Flipkart’s PhonePe, Uber and Ola.
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