FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

WhatsApp Moves to P2P First, Businesses Come Next

Grace NotobyGrace Noto
April 4, 2017
in Payments
Reading Time: 1 min read
0
Share on Facebook

Facebook-owned messaging app WhatsApp is beginning its trek into payments, using the UPI system to enable the feature in India.

WhatsApp–which was acquired by Facebook in 2014 for $22 billion–has 1.2 billion monthly active users as of February 2017, many of whom are businesses interacting with their consumers, according to Facebook CEO Mark Zuckerberg.

200 million of WhatsUp users are in India, and, as reported by India-based The Ken, the company will enable P2P payments for those users in just six months.

While the service’s first steps into payments are in the Venmo-dominated P2P space, Zuckerbeg noted on the company’s earnings call in February that giving businesses “transactional interactions” with consumers would be useful, as businesses gravitate more towards the service (rather than Facebook Messenger) for more personal interactions with consumers.

WhatsApp has not made a formal announcement regarding a pending payments project; however, the company did post a job listing on its site for a “Digital Transactions Lead, India.”

The lead is expected to have a working knowledge of the UPI payments system, be able to work with banks, help scale “global support” for digital transactions on the app, and “be an advocate” for the service’s use, according to the post.

This seems to suggest that WhatsApp plans for the payments feature to become a global offering, should the service do well in its largest market. With only a six-month launch timeline for the P2P service, the company shouldn’t have any problems designing a bigger service for business payments.

Bank Innovation reached out to WhatsApp and Facebook for comment.

Tags: ExclusiveFacebookmobile paymentsonline paymentsP2PP2P paymentspaymentsPeer to Peer PaymentsstartupsVenmoWhatsApp
Previous Post

Banks (Should) Own the Data They Create, Expert Says

Next Post

Chase Spent $600 Million on Fintech Deals in 2016 [Video]

Related Posts

RBC building in Toronto
Payments

Francisco to buy payments firm Moneris from RBC, BMO for $1.4B

August 11, 2026
Interior of a Cloudflare office building with signage
Payments

Nonhuman traffic surpasses human traffic on Cloudflare network

August 7, 2026
block cash app
Payments

Block ships more than 130 features in H1 2026, up 3X YoY because of AI

August 6, 2026
Next Post

Chase Spent $600 Million on Fintech Deals in 2016 [Video]

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account