WhatsApp is going to have a new and very important function launched during May for the phones of users all over the world, and here we are talking about a new attempt by Facebook to change the platform. More precisely, those from WhatsApp are going to launch in May a mobile payment and money transfer service that will be called WhatsApp Pay, which was announced some time ago for users all over the world by Facebook.
WhatsApp will launch this new service initially in India, where it already has one that allows money transfers between users, only now it will go further and offer something more complex than that. WhatsApp will allow Indians to pay for various products using its platform, and this comes as an interesting surprise, because people will no longer need separate services to do this, or they could use them in tandem.
WhatsApp: HUGE Feature Prepared for Launch in May on Phones
WhatsApp will launch WhatsApp Pay initially in India with a limited number of 1 million users, with the base to be expanded as the first part of the testing process evolves. The launch in this limited form is imposed by the authorities in India who want to see how WhatsApp Pay will work there before authorizing its launch for all the over 400 million users of the platform, a surprisingly large number, in the end.
WhatsApp plans to start with India regarding the launch of this mobile payment system, but will also extend it to other areas of the world, and this is because there is interest in platforms of this kind. Indians have been using the money transfer platform that WhatsApp made available to them for some time, so switching to a money transfer system is something perfectly normal, and to be expected, the only unknowns being the number of partner banks.
WhatsApp sees this WhatsApp Pay system as a source to generate money from the messaging application, and with 2 billion active users worldwide, there will be several hundred million willing to use it.
