Mark Zuckerberg sees robust demand for WhatsApp payments in India

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....
Kriti
Business news author and curator at The Indian Wire.

After being tested by 1 million Indians, it seems like WhatsApp’s payments feature has been a huge success, as Facebook CEO Mark Zuckerberg can’t wait to launch the new service nationwide.

Back in February, WhatsApp had launched a beta version of it’s payments feature, available to approximately 1 million Indian users. Commenting on the features success, Zuckerberg during Facebook’s second quarter earnings call said: “Of the people who have tested this, feedback and usage have been very strong. All signs point to a lot of people wanting to use this when the government gives us the green light.”

However, it seems like Zuckerberg will have to wait till he gets the green light from the Indian government for the feature. WhatsApp has been under fire from the government, due to it’s role as a platform which enabled spreading of fake and provocative messages connected with the recent lynching problem India is facing. At least 16 people have died due to mob-lynchings this year.

In a meeting held between IT Secretary Ajay Prakash Sawhney and top WhatsApp officials, including COO Matthew Idema, the IT ministry asked WhatsApp to prioritise curbing fake news on its messaging platform rather than focussing on it’s payments feature.

Nevertheless, Zuckerberg remains confident that things will be much better by the next year.

“We’re much more confident that we’re going to get this right for the elections in 2018, which include the US mid-terms, but also elections in Brazil and upcoming elections in early 2019 in India and the EU,” he’d said recently.

Besides fake news, the government is also concerned about how and where the proposed payment service will store it’s users data. As per the RBI’s instructions, it is mandatory that all payment platforms stop their user data in India itself.

WhatsApp has a user base of over 1.3 billion in India, making the country one of it’s biggest markets, and Zuckerberg has said that India continues to be the backbone for the social media company.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Italy set to join European military intervention force

Rome, Sep 20 (IANS/AKI) Italy announced it plans to join a European military force that will react rapidly to...

NIA to investigate Punjab blast case

Chandigarh, Sep 20 (IANS) The Centre on Friday accepted Punjab Chief Minister Amarinder Singh government's recommendation to hand over the September 5 Tarn Taran...

IPS officer Rajeev Kumar files anticipatory bail plea

Kolkata, Sep 20 (IANS) Senior IPS officer Rajeev Kumar, who has been eluding the CBI despite receiving multiple notices for appearing before the agency...

GST relief for FIFA under-17 Women’s WC 2020

Panaji, Sep 20 (IANS) The 37th Goods and Services Council on Friday proposed that the upcoming FIFA under-17 Women's World Cup be exempted from...

Congress terms FM package an economic disaster

New Delhi, Sep 20 (IANS) The Congress has termed the financial package of Finance Minister Nirmala Sitharaman an economic and political disaster.Launching a scathing...
- Advertisement -

More Articles Like This