Will Cathcart, WhatsApp's global head said the company wants it to be as easy to send money on the platform as sending a message and can't wait to launch WhatsApp Payments for all its Indian users by the end of this year. WhatsApp payments have been in the beta stage since early last year for a million users in India.
Cathcath was attending an event hosted by the company in New Delhi on July 25, 2019 where he briefly talked about the company's plans of launching WhatsApp Payments in India. "WhatsApp is deeply committed to India...Our next step is drive payments in India...All of which is based on UPI standard, partnering with banks here in India," Cathcath said at the event.
"We believe that if we get this [digital payments] right, we will accelerate financial inclusion and bring millions of people to India's fast growing digital economy. We can't wait to provide this service to more people later this year," he said while talking about WhatsApp's plans of launching WhatsApp Payments in India.
Amitabh Kant, CEO of Niti Aayog said he welcomes WhatsApp to drive digital transactions for its 400 million users as Indians love WhatsApp and can't do without it. The two were speaking at an event in New Delhi on WhatsApp Business for small and medium businesses on Thursday.
“It’s our honor to partner with NITI Aayog to help support the future women business leaders of India,” said Cathcart. “Small businesses are the backbone of a strong economy and I am proud of the role WhatsApp can play in helping build the next generation of India’s women entrepreneurs.”