Monday, January 18, 2021
Home Lead Story Bad News for Paytm! Whatsapp to Launch Peer-to-Peer UPI-Based Pay Service in...

Bad News for Paytm! Whatsapp to Launch Peer-to-Peer UPI-Based Pay Service in India

WhasApp had 200 million active users in India in 2017

Facebook-owned WhatsApp which is planning to launch its peer-to-peer, UPI-based Pay service in India later this year has nearly 400 million users in the country — a bad news for digital payments leader Paytm which last reported 230 million users.

“With a billion mobiles, lowest data costs, highest mobile data consumption, average age of 29 and almost 400 million users, the future of WhatsApp is obviously in India,” tweeted Niti Aayog CEO Amitabh Kant.

WhatsApp did not dispute the figure cited by the Niti Aayog CEO, suggesting that the instant messaging platform has added 200 million users in the country in the past two years.

paytm, whatsapp, upi-based pay service
Paytm Logo. Wikimedia Commons

WhasApp had 200 million active users in India in 2017. The company launched a test run of its payments service with one million users in the country last year which got stuck in the digital payments framework guidelines but now, the service is in the final stages.

ALSO READ: Trump Presses WTO to Drop ‘Developing’ Nation Status for China and Other Countries

“To boost digital inclusion in India, we can launch the (Pay) service across the country later this year after meeting regulations,” Cathcart told the audience at an event on Thursday. The country’s digital payments industry is estimated to hit $1 trillion by 2023. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Tour Operators Urge Government To Announce About Restoration of Tourist Visas

Now that the government is close to initiating a vaccination plan for Covid-19, fresh hope is riding among inbound tour operators about the resumption...

Here’s Why Radha Rani is Worshipped Along With Lord Krishna

We have been listening to stories about the immortal love between Radha Rani and Lord Krishna since our childhood. They have been portrayed as...

Let Us Clear Your Data Security illusuion Here!

As millions shun WhatsApp and download new chat platforms in search for a secure experience, mind you that security is nothing but an illusion...

Tech Review (OnePlus Band): Good Looking Fitness Band With Decent Features

As the demand for wearable devices grows in India, OnePlus is leaving no stone unturned to use this opportunity in fulfulling consumers needs in...

Majority Senior Citizens Feel That Economic Challenges in India is The “Biggest Issue”

The majority of the senior citizens of the country believe that current state of the economy is among the biggest issues that India needs...

Coronavirus: A Psychological Threat For The People, Says Expert

A US-based doctor has asserted that the coronavirus pandemic has affected people psychologically a lot, especially those who tested positive and remained in isolation...

Here’s How Technology Enables Fluid Lifestyle Across Cities, Generations

With over 50 per cent (564.5 million) of the Indian population connected to the internet, the shift to 'activity' as opposed to 'location' has...

Here’s How Strawberry Cultivation is Going To Transform The Region of Jhansi

Jhansi which is well-known as the land of valour is all set to write a new chapter and strawberry cultivation would play a pivotal...

Recent Comments