Facebook will now compete with Amazon as WhatsApp is set to offer online shopping
WhatsApp businesswas introduced in India in January 2018.
- The company’s payments platform WhatsApp pay is live in India in its beta version.
Facebook will soon allow businesses to add a product catalogue on WhatsApp. “With catalogs, businesses can showcase their goods so people can easily discover them,” claimed Facebook.
WhatsApp business had been successfully running in India. It has been available on Android since January 2018; iPhone users got the feature only in April 2019.
Ever since the launch, many big businesses had added to ride WhatsApp’s immensely popularity in India. It has over 200 million active users in India and over 1.5 billion users globally, as of February 2019. So much so that Mark Zuckerberg himself recently expressed fears that the messaging app may overshadow Facebook in India.
The most significant part of the Facebook’s evolving deck in India is WhatsApp pay. While most digital wallets took years and spent millions to acquire customers, WhatsApp will begin with an existing customer base of over 200 million in India.
The feature is live in its beta version in India, and having seen a successful phase in India, Zuckerberg announced that the payments feature will soon be available in other countries.
This puts WhatsApp in the Indian e-commerce space, which is already led by players like
WhatsApp had also faced a few hiccups in India, with the RBI asking the company to store data locally. The company had then agreed to save the data of WhatsApp pay users on servers in India.
Zuckerberg claims that WhatsApp has the power to 'cannibalise' public social platforms
Finally, WhatsApp will demand ‘consent’ before adding people to random groups
Popular on BI
- Elon Musk and more than 1,000 people sign an open letter calling for a pause on training AI systems more powerful than GPT-4
- A second giant 'hole' has appeared on the sun, and it could send 1.8 million mph solar winds towards Earth
- We used ChatGPT to plan international trips - here’s a tour of the results!
- Small stocks lag behind in FY23; take bigger hit than bluechip firms
- Tamil Nadu says 'nahi to dahi' over Hindi name on curd packets
- RIL calls for shareholder, creditor meeting to approve demerger of financial services arm
- CSK unveils new jerseys and star signings to bounce back in IPL 2023
- Anushka Sharma gets no relief from Bombay HC on pleas against sales tax demand