Facebook has selected London as its base to develop WhatsApp payments

WhatsApp Payments - WhatsApp App

The social network giant wants to drive the messenger service’s mobile payments globally Facebook is serious about developing WhatsApp payments and has chosen London, England as the center of the mobile payments platform’s development. The messenger service will hire on 100 new software engineers from London and Dublin. The reason that Facebook decided on London instead of a US city is that it is widely used in the UK and England’s capital city is known for attracting talent from other markets where WhatsApp is popular. This includes markets such as…

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Facebook payments to come to WhatsApp in the future

Facebook Payments - Facebook logo on mobile phones

The social media giant is reportedly seeking to enter the mobile payments space with its own cryptocurrency. Facebook payments may be around in the not too distant future. The social networking company is jumping on the cryptocurrency bandwagon and is reportedly developing its own digital currency called Facebook Coin. The company’s supposed goal, reports CNBC, is to allow users of its cryptocurrency to transfer money through WhatsApp. Facebook’s move would mimic China’s popular WeChat Pay. The Facebook Coin, which would be attached to the US dollar, and would allow users…

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Nearly one million people in India are testing WhatsApp payments

WhatsApp Payments Service - WhatsApp App

India is WhatsApp’s biggest market. With 210 million monthly WhatsApp users, India is clearly WhatsApp’s biggest market. Still, in spite of the Facebook messaging app’s so far successful test of WhatsApp payments service in the country, the digital payments system has yet to become a nationwide service. WhatsApp began testing its payments service back in February of last year. Since WhatsApp payments began testing in February 2018, the service has processed about a million transactions per month. This is according to people close to the National Payments Corporation of India…

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