As per news source, WhatsApp has roped in an Amazon executive to spearhead its payments business in India.
According to a source, Amazon Pay’s Manesh Mahatme is due to join WhatsApp's payment service soon. He has been associated with Amazon Pay for almost seven years.
As per NPCI data, WhatsApp has seen a dip in UPI Transaction Volume in January
With more than 500 million users, WhatsApp counts India as its biggest market, where it is the newest entrant in India's digital payments sector, which PwC and Indian industry body ASSOCHAM say is set to be worth $135 billion (roughly Rs. 9,78,530 crore) by 2023.
"Mahatme is a hardcore payments professional, that's the missing link for WhatsApp," one of the sources said.
Amazon Pay offers its users online bill payments and also acts as a digital wallet-service on the e-commerce giant's India website.
As per Mahatme’s LinkedIn profile, he oversaw a team of senior product, engineering and business development leaders at Amazon Pay.
WhatsApp also has plans to deepen its partnership with banks in bid to offer financial services such as pensions and insurance, its India head Abhijit Bose - also a payments industry veteran - said last year.
