WhatsApp is a famous app and almost used by 400 million people in India. This app is approaching towards creating its payment method in nearly six months. Apart from being a private messaging app, it will also work as a private social platform to hang out and running businesses. He briefed his idea by explaining that making money transfer by whats app pay would be as easy as sending pictures.

Whatsapp pay is developed in a way to run on the Unified Payments Interface (UPI) under the National Payments Corporation of India. It will not be approved until it completes localizing all the data within the country’s borders. Apart from this, it will bring fierce competition for other payment apps such as Google Pay, PhonePe, and Paytm.

Slow revenue growth of Facebook, however, costs remain high:

The payment features currently available in pilot mode. Mark Zuckerberg said that the company is working in different areas to facilitate commerce from Messenger, Facebook, Instagram. He wants to create a platform for buying and selling, setting up businesses, and many more. As it will work under the existing national system like UPI to make people comfortable with this. Thus creating and leading it to be the new global systems.

As per the reports, Facebook can beat Wall Street, although the share prices are down due to a slow profit rate. Net income rose 7% year over year to $7.3 billion in comparison to 61% growth over 2018.