Daily Review: FinTech is Not a Threat to Banks. Telcos, WhatsApps, & Amazons of the World Are

As of July 2017, WhatsApp counted 1.3 billion active monthly users. To put things into perspective, imagine that the whole population of India or China is active on WhatsApp every month. WhatsApp is a well-known heavyweight in mobile communications, and now, the Facebook-owned social app is armed and ready to storm one of the most important FinTech markets in the world – India. All local players (possibly Remitly, PayU, PhonePe, Paytm) are entering a whole new level of competition with this announcement. Fascinating times ahead!

WhatsApp in-chat payments feature is bad news for digital wallets, payment companies in India

  • Instant messenger WhatsApp is readying an intuitive in-chat payments feature, ahead of a l ...

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