INSUBCONTINENT EXCLUSIVE:
Facebook Inc-owned WhatsApp messenger stated on Monday it was appointing a former Amazon executive as the head of payments in India as it
seeks to scale the service in its greatest market by users.Manesh Mahatme, officially director WhatsApp payments - India, will help enhance
users' payments experience and grow business, WhatsApp said in a statement, confirming a Reuters newsbreak in March.Mahatme was previously a
senior executive at Amazon where he led the item and engineering groups for US online seller's payments organization, Amazon Pay, in India
He likewise worked previously with Citigroup and Indian mobile carrier Bharti Airtel.WhatsApp, which has more than 500 million Indian users,
last year got a much-delayed approval for the launch of its payments system in the nation, but so far its rollout has actually been capped
by regulators at 20 million users.But it has big aspirations and an offer by Facebook in 2015 to invest $5.7 billion in billionaire Mukesh
Ambani's Jio Platforms digital system will permit WhatsApp to offer payments services to millions of mom-and-pop stores.WhatsApp likewise
has strategies to broaden its partnership with banks in a quote to offer financial services such as pensions and insurance coverage, its
India head Abhijit Bose - likewise a payments industry veteran - said in 2015.
