WHATSAPP PAY TO BE SOON LAUNCHED IN
INDIA
In India digital transaction is
increasing day by day
Government is supporting
digital transaction
Right now Google pay &
paytm is on the top for digital transaction
Facebook is also going to
launch WhatsApp
Mark Zuckerberg is trying their
level best to launch WhatsApp pay
After launch of WhatsApp pe
there will be used competition
Paytm is making lot of noise in
the segment
Amazon also declared that it is
going to launch Amazon pay for their customers
Google play also emphasizing on
their services for Google pay
Google pay has 4.5 crores
customer
From Google play 31 Arab rupees
transaction has done in the month of March which is record
Apple pay has also launch in
the market
Apple is reducing the price of
iPhone and increasing market share
WhatsApp pay could be a a next
major company in this segment
WhatsApp pay has all the
potential to become number one company in this segment
WhatsApp has 30 crore uses
if most of this customer start
using WhatsApp pay then this company will surpass paytm which is number 3
company in India
Paytm has 23 crore users
In terms of market share paytm
is number 3 company
In Online transaction Google
play is the major player in the segment i.
e. number 1
Google pay market share is 54%
Phone pay market share is 11.9%
Paytm market share is 9.7 %
Paytm market share is
decreasing continuously
WhatsApp pay is introduced in
India paytm will face more problems or obstacle in the segment
Financial year 2019 digital
India's growth is 70%
India's half of the internet
users will do will or use digital transaction by financial year 2023
300 billion dollar digital
transaction reported in financial year 2019
By 2022 Digital payment
transaction would reach 1000 billion dollar
That's why most of the world's
best digital transaction payment companies want to start their operations in
India
This is good for India's
digital market but this bad for the existing digital transaction payment
companies
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