WhatsApp, the Facebook-owned messaging app, is working quietly to launch person-to-person payments on its platform within the next six months, said four sources with knowledge of the matter.
The initiative is seen as strategic for Facebook and currently being driven out of the company’s headquarters in Menlo Park, California. Its career page lists, among other roles, an opening for a digital transaction lead with knowledge of UPI, Aadhaar and BHIM, to be based out of Menlo Park.
WhatsApp has no team in India as yet. But with over 200 million Indian users already, its entry into the payments space is likely to be pivotal for the entire sector.