A new report mentions that WhatsApp is planning to bring digital payments to the platform, allowing users to send money to each other, similar to how virtual money works on Facebook Messenger. The company has also posted a job listing for a Digital Transactions Lead in India.
The details are pretty scarce right now, but we’re guessing it will sort of work like the mobile payment app, Paytm. Interestingly, this feature will apparently debut in India, with other markets following suit subsequently.
Facebook agreed to buy WhatsApp for $19 billion in 2014, though that price tag eventually rose to $22 billion because of the social networks’ rising stock. Investors have been anxious to see how Mark Zuckerberg makes money from the deal . Rival services in Asia, most notably Tencent Holdings Ltd.’s WeChat, have successfully opened up their platforms so businesses can interact with customers. It’s a strategy Facebook has also been taking with its own communications app, Messenger.
Labels: apps review, tech news