Facebook CEO confirmed that WhatsApp Pay is going to launch in India soon. WhatsApp Pay was supposed to launch last year, but due to data regulations, the company has postponed the delay. The peer-to-peer, UPI-based WhatsApp Pay service will reach over 400 million users.
“We have our test going to India. The test really shows that a lot of people are going to want to use this product. We’re very optimistic that we’re going to be able to launch to everyone in India soon, but of course will share more news when we have that,” Zuckerberg told analysts on an earnings call on Wednesday.
“We differentiate between payment systems that are built on top of the existing financial infrastructure like what we’re trying to do with WhatsApp payments or when we make payments in Instagram Shopping, and our work with something like Libra that is trying to build some new technological infrastructure for financial services,” he further added.
Users will need a phone number with the country code for India in order to use Payments. They will also need a bank account, where UPI is supported in order to use the new feature since WhatsApp is relying on this platform for the transactions.