News

WhatsApp Planning to Launch Digital Payments in Indonesia

One of the leading Facebook Owned Messaging platform Whatsapp, is currently planning to launch Digital payments in Indonesia.

The platform is in talks with different digital payments firms as well as a state-owned bank to launch digital payment. It aims to tap the nation’s fast growing e-commerce sector.

According to the reports , WhatsApp is currently negotiating with transportation booking service Go-Jek, mobile payments provider DANA, fintech startup OVO and state-owned Bank Mandiri. 

With this adoption Indonesia might become the second country across the world to introduce such services. However regulatory approval from India has been delayed due to local data storage rules.

The Indonesia plan comes after Facebook CEO Mark Zuckerberg announced earlier this year that it would roll out WhatsApp payments to “some countries”.

“As Mark has said earlier this year… we are looking to bring digital payments to more countries,” a Facebook spokeswoman told Reuters.

These services are expected to launch in 2020, as WhatsApp is looking to launch in India at the same time. However, Facebook is still waiting on regulatory approval from India before they can launch WhatsApp-based payments.

What is your opinion on this new advancement by Whatsapp? Share your thoughts on our Twitter and Facebook pages.

Tags
Show More

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also
Close
Back to top button
Close
Close