NEW DELHI: Messaging giant, WhatsApp , had appointed Manesh Mahatme to head its payments business in India. Mahatme joined WhatsApp after spending nearly seven years at Amazon Pay India, where he was Director and then a Board Member. The Facebook-owned company’s payments platform has been grappling with regulatory concerns in the country for years now. The platform was cleared by the National Payments Corporation of India (NPCI) for using the country’s Unified Payments Platform (UPI) payments system in November last year. The payments platform is also expected to be central to Facebook’s investment in billionaire Mukesh Ambani’s Jio last year.

Source: Mint June 28, 2021 09:11 UTC