Home News New WhatsApp Funds head appointed; Manesh Mahatme, former Amazon exec, set to tackle Paytm, Google Pay, and PhonePe

New WhatsApp Funds head appointed; Manesh Mahatme, former Amazon exec, set to tackle Paytm, Google Pay, and PhonePe

by Mebin Varghese

The brand new WhatsApp Funds head has been named and he’s Manesh Mahatme, a former Amazon senior government. WhatsApp has appointed Mahatme as a director whose focus might be on boosting the corporate’s funds enterprise in India by enhancing the expertise of customers, scaling the service providing and in addition work in direction of contributing to WhatsApp’s imaginative and prescient of digital and monetary inclusion in India, revealed an official assertion. India is WhatsApp’s largest market and competes with gamers like Paytm, Google Pay, Walmart-owned PhonePe and Amazon Pay.

Earlier than becoming a member of WhatsApp, Mahatme has had 17 years of expertise in digital monetary providers and funds. He has labored with Citibank, Airtel Cash and Amazon. In his present job at WhatsApp, he can draw from his broad associated expertise from Amazon the place he was a Director and Board member of Amazon Pay India for 7 years. He was answerable for the product, engineering, and development groups, an announcement from WhatsApp mentioned.

Learn extra: WhatsApp is making modifications to its funds platform

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“We’re excited to have Manesh be part of our WhatsApp India group. Manesh has been certainly one of (the) key innovators driving the expansion of digital funds in India over the past decade, and his expertise will assist us maximise the affect and scale of funds on WhatsApp,” Abhijit Bose, Head of WhatsApp in India, mentioned.

In his response to the transfer, Mahatme mentioned, “I’m tremendous excited to be part of this development story”.

WhatsApp has immense potential to digitally empower folks throughout segments and assist speed up the Authorities of India’s efforts to drive monetary inclusion via UPI and digital funds, he added.

In 2018, WhatsApp had began testing its UPI-based funds service in India. Notably, it allowed customers to utilise its tremendously fashionable messaging platform to ship and obtain cash. India has 53 crore WhatsApp customers, authorities figures present.

WhatsApp obtained the go-ahead from the Nationwide Funds Company of India (NPCI) in November 2021 to start out its funds service in India with a most registered person base of 20 million in UPI.

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