Whatsapp Payments News
WhatsApp payment service is now available for 20 million users including both iOS and Android users in India.
WhatsApp has been running a pilot service for the last two years but was not given a formal go-ahead because of data localisation requirements.
WhatsApp is reportedly being investigated by Indian authorities for abusing its dominance on a large user base
A complaint with CCI alleges that WhatsApp is abusing its dominant position by offering payment services to its vast base of messaging app users in the country.
This comes days after Zuckerberg announced that there will soon be "positive news" about the service's launch.
In an earnings call, the Facebook CEO said that the company is optimistic about WhatsApp Pay in India.
WhatsApp is waiting for regulatory approval to launch Payments that’s currently on a pilot program
WhatsApp has been testing a payments service but local data storage norms have delayed an official launch.
The voice note preview will likely be part of a major update and will come along some other features.
Zuckerberg says that users will be able to use WhatsApp Pay via Messenger and Instagram as well.
Currently, only around 7 lakh WhatsApp users in India can use the WhatsApp Pay beta feature
Bose has been evangelising the idea of how Ezetap could turn any mobile device into a PoS device.
WhatsApp has been trying to break into the country’s payments space for a while now.
WhatsApp considers India as a prime market for payments but it is yet to get a nod from government.
WhatsApp agrees to comply with all requirements to tackle fake news except for message traceability.
The requirements are in relation to the increasing fake news menace and Whatsapp’s payment service.
Almost one million people are "testing" the WhatsApp's payments service in India.
MeitY is firm on its stance and says that WhatsApp has to set up an office and a team in India.
WhatsApp payment service, which rivals the likes of Paytm, has been in beta testing over the last few months.
We expect that this is a staggered rollout that will arrive to more users over the next few weeks.