Mahatme worked at WhatsApp Payment for almost 18 months and according to
“We wish him the best of luck in his future endeavors. Payments on WhatsApp is a priority for Meta and we will continue to innovate and drive momentum as part of our wider effort to bring the ‘next 500 million Indians’ to the digital payments ecosystem, a Meta spokesperson told IANS on Thursday.
Mahatme had joined as director and head of
Before joining WhatsApp, he was a director and board member at Amazon Pay India for about seven years.
At the end of last year, the NPCI approved an increase in the user cap for WhatsApp’s payment service from the current 20 million to 40 million users.
WhatsApp received the nod from the National Payments Corporation of India (NPCI) in April this year to expand the payment service to 100 million users.
WhatsApp India has made significant investments in digital payments across its platform across the country, to accelerate its growth in a market where the adoption of a unified payment interface (
Mahatme recently told IANS that the meta company has been introducing several India-specific features in payments on WhatsApp in recent weeks and has seen exciting results.
“We believe WhatsApp Pay can be an important partner for the NPCI and RBI as we all strive to scale the adoption of UPI and financial inclusion to those most in need,” said the company’s chief executive.
The Unified Payments Interface (UPI) recorded a record 6.57 billion (657 crore) transactions worth Rs 10.72 lakh crore in August, according to NPCI data.
UPI volume growth is up nearly 100 percent (year-on-year) and amounts traded were up 75 percent yoy in August.
The country crossed six billion transactions for the first time last month and recorded 6.28 billion transactions worth Rs 10.62 lakh crore.
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