opinionWhatsApp is currently testing a beta version of its payment app, which it has rolled out for some Indian users. The move has worried Paytm, the country's largest mobile payment company. "Currently, the digital payment market penetration is only 5 to 10% percent, so entry of a new player is a big positive," said Bipin Preet Singh, the founder of Mobikwik, which is another Indian mobile payment system. What does WhatsApp payment offer? Paytm's strength lies in its ubiquitous presence in India's mobile payment market - its services are extensively used by citizens and business vendors, including auto rickshaw drivers and tea sellers.

Source: Sunday Times March 14, 2018 09:33 UTC