Facebook is planning to use London as a hub to accelerate the payment efforts of WhatsApp:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Payments Briefing subscribers.Facebook is planning to use London as a hub to accelerate the payment efforts of WhatsApp, its chat app, per. Facebook CEO Mark Zuckerberg announced at the F8 developer conference that WhatsApp's mobile payments will launch in several countries this year, saying he believes"it should be as easy to send money to someone as it is to send a photo.
Facebook-owned WhatsApp is one of the most popular messaging services in the world, with over 1.2 billion users.London was chosen because WhatsApp is more popular in the UK than the US, and it attracts talent from countries where WhatsApp is popular, like India. Late last year, WhatsApp engineers were sent to London to start recruiting for the 100-person team dedicated to this payments push.
This announcement comes on the heels of WhatsApp Pay's full launch in India. WhatsApp Pay, the chat app's digital payment service, officially
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