{"id":6297,"date":"2023-05-24T16:42:54","date_gmt":"2023-05-24T11:12:54","guid":{"rendered":"https:\/\/whitesight.net\/?p=6297"},"modified":"2023-07-19T12:58:02","modified_gmt":"2023-07-19T07:28:02","slug":"whatsapp-in-emerging-markets","status":"publish","type":"post","link":"https:\/\/qistaging.com\/whitesight\/whatsapp-in-emerging-markets\/","title":{"rendered":"WhatsApp says hello to the banking &#038; payments world in emerging markets"},"content":{"rendered":"As digital payments and mobile wallets gain traction with growing internet access, tech biggies like WhatsApp are stepping in to fill gaps left by traditional banks. With 2 billion users, WhatsApp\u2019s nifty setup enables instant and convenient peer-to-peer and peer-to-merchant transactions, reshaping money handling in the internet economy.We have explored Meta\u2019s forays into fintech and crypto earlier. In this article,\u00a0 we\u2019ll decode how WhatsApp is championing digital commerce and financial inclusion in emerging markets. Driving digital payments in Asia WhatsApp Pay is making some serious moves in Asia, especially in India, Indonesia, and Singapore. WhatsApp Pay joined the Indian digital payments revolution in 2018, launching under India\u2019s National Payments Corporation (NPCI). It saw 0.31 million UPI payments in its first month, and by April 2023, transaction value hit a hefty $160M. To further accelerate customer adoption, they\u2019ve got a cashback deal with RazorpayX, and a cool tie-up with JioMart for easy grocery payments.WhatsApp is also putting its best foot forward in other Asian countries such as Indonesia and Singapore. In Indonesia, they\u2019re buddying up with MC Payments, and in Singapore, they\u2019ve got a thing going with Stripe. This makes it a breeze for businesses to accept payments directly through WhatsApp [&hellip;] \t\t<div class=\"woocommerce\">\n\t\t\t<div class=\"woocommerce-info wc-memberships-restriction-message wc-memberships-message wc-memberships-content-restricted-message\">\n\t\t\t\tThis post is only available to members.\t\t    <\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">3<\/span> <span class=\"rt-label rt-postfix\">mins read<\/span><\/span> As digital payments and mobile wallets gain traction with growing internet access, tech biggies like WhatsApp are stepping in to fill gaps left by traditional banks. With 2 billion users, WhatsApp\u2019s nifty setup enables instant and convenient peer-to-peer and peer-to-merchant transactions, reshaping money handling in the internet economy.We have explored Meta\u2019s forays into fintech and crypto earlier. In this article,\u00a0 we\u2019ll decode how WhatsApp is championing digital commerce and financial inclusion in emerging markets. Driving digital payments in Asia WhatsApp Pay is making some serious moves in Asia, especially in India, Indonesia, and Singapore. WhatsApp Pay joined the Indian digital payments revolution in 2018, launching under India\u2019s National Payments Corporation (NPCI). It saw 0.31 million UPI payments in its first month, and by April 2023, transaction value hit a hefty $160M. To further accelerate customer adoption, they\u2019ve got a cashback deal with RazorpayX, and a cool tie-up with JioMart for easy grocery payments.WhatsApp is also putting its best foot forward in other Asian countries such as Indonesia and Singapore. In Indonesia, they\u2019re buddying up with MC Payments, and in Singapore, they\u2019ve got a thing going with Stripe. This makes it a breeze for businesses to accept payments directly through WhatsApp [&hellip;] \t\t<\/p>\n<div class=\"woocommerce\">\n<div class=\"woocommerce-info wc-memberships-restriction-message wc-memberships-message wc-memberships-content-restricted-message\">\n\t\t\t\tThis post is only available to members.\t\t    <\/div>\n<\/p><\/div>\n","protected":false},"author":3,"featured_media":6299,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103,88],"tags":[57,132,138,112,56],"hashtags":[],"class_list":["post-6297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-embedded-finance","category-insights","tag-africa","tag-india","tag-latin-america","tag-payments","tag-timeline","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WhatsApp says hello to the banking &amp; 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