HomeBusinessWhatsApp Pay India head quits, joins Amazon

WhatsApp Pay India head quits, joins Amazon

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New Delhi: The pinnacle of WhatsApp’s India fee enterprise, Manesh Mahatme, has give up after greater than a yr with the Meta Platforms-owned firm to affix Amazon India, a supply instructed Reuters on Thursday. Mahatme’s exit comes at a vital time for Whatsapp, which is in search of to ramp up its funds service in a extremely aggressive market and lock horns with extra established payers reminiscent of Alphabet Inc’s Google Pay, Ant Group-backed Paytm and Walmart’s PhonePe.

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Throughout his stint at WhatsApp Pay, the corporate received regulatory approval to greater than double its funds providing to 100 million customers in India, its largest market with greater than half a billion customers general. Mahatme has joined as director of product within the e-commerce division of Amazon.com Inc in India, the supply stated.

He joined WhatsApp Pay in April 2021. Mahatme was beforehand on the board of Amazon Pay India between 2014 and 2021, in accordance with his LinkedIn profile.

WhatsApp in an announcement stated Mahatme performed an vital function in increasing entry to WhatsApp funds in India, including the funds service was a “a precedence for Meta and we’ll proceed to innovate and drive momentum as a part of our broader efforts.”

Amazon didn’t reply to a request for remark. WhatsApp rolled out cashback rewards this yr to lure extra Indians to its peer-to-peer funds service, though the regulatory caps on variety of customers that may use its service meant it continues to face stiff competitors from rivals.

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