Being known as the leading messaging platform, WhatsApp is ready to earn from it's million users around the world. WhatsApp is to kick start it's digital payment service in India where it has millions of users estimated to be over 200 millions and expected to commence in a few months.
The operation of the service remain to be seen, though it's necessary to know. WhatsApp used to charge a $1 subscription fee annually to users outskirts of emerging market before it was bought by Facebook.
Countries in Africa and a country like India are currently booming with different kinds of mobile payment platforms that has caused a hike in the number of mobile payment apps at the moment. In Africa the biggest mobile payment platforms are run by Mobile Network Operators and of late, we see Banks following suit. As a popular messaging app use across worldwide, we can’t wait to see how WhatsApp will implement its digital payments service and which other countries it will roll it out.