App

WhatsApp Pay soon, but these are big issues which persist!

WhatsApp Pay is not a new concept, but it was stuck primarily because of India’s demand to store all the data locally and hence, it has not proceeded anywhere after the beta testing.

The digital payment market is growing exponentially in India and Facebook is excited about this prospect as it mulls on introducing WhatsApp pay in the country in the recent future. In an earnings call with analysts late Wednesday, Facebook founder Mark Zuckerberg confessed that the company is building out Payments for the global market.

“We have a test that is running in India for WhatsApp now, we’re hoping to launch in several other countries at some point, but I don’t want to put a timeframe on that here, but it’s something that we’re actively working on,” Zuckerberg said about the meeting.

WhatsApp Pay is not a new concept, but it was stuck primarily because of India’s demand to store all the data locally and hence, it has not proceeded anywhere after the beta testing.

“In Instagram and Facebook, you have shopping, and you have Marketplace and you have all the tens of millions of small businesses that use pages and a lot that use Instagram for sharing their inventory and being able to help people discover and pay,” Zuckerberg added.

Zuckerberg also believed that any chat feels more intimate and personal and hence, is a more natural space to be interacting with a business in a private way for doing transactions. However, there remain massive concerns with privacy and the founder believes that this will be the future of social media interactions in the future.

“Over time, I believe there’s an even bigger opportunity with the digital living room to build a platform focused on privacy. We all need to communicate privately, and this service could be even more important in our lives. So, I think we should focus our efforts on building this privacy-focused platform,” he noted.

Despite the different privacy leaks in the recent past, Zuckerberg believes that the users should be confident that their conversations are intensely private and encrypted and this remains the focus of his company.

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