WhatsApp is said to hasten payments push in biggest market


  • TECH
  • Wednesday, 30 May 2018

REFILE - CLARIFYING CAPTION Silhouettes of laptop and mobile device users are seen next to a screen projection of Whatsapp logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration

Facebook Inc is set to offer its WhatsApp payment services to the whole of India as early as next week in an attempt to win market share, even though its partners aren’t all ready, said people familiar with the matter. 

The messaging app will partner HDFC Bank Ltd, ICICI Bank Ltd and Axis Bank Ltd to process the transfers, and State Bank of India will join once it has the necessary systems in place, the people said. Facebook was aiming for a full rollout with four partners but decided to go ahead with just three as its rivals were racing ahead, the people said, asking not to be named as the information isn’t public. 

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

One tech tip: How to get started with Bluesky
FCC proposes fining Chinese video doorbell manufacturer after security concerns raised
Snap seeks to dismiss New Mexico lawsuit over child safety
Crypto industry jockeys for seats at Trump's promised council
Reddit back up after latest outage impacts thousands of users
Massachusetts student's punishment for AI use can stand, US judge rules
Exclusive-Amazon likely to face investigation under EU tech rules next year, sources say
US natgas producers chase AI-driven surge in power demand to weather low prices
Snowflake shares surge on rosy forecast, AI deal with Anthropic
Digital banks lead profitability gains among Brazilian lenders, says central bank

Others Also Read