Sunday, 5 May 2019

WHATSAPP PAY TO BE SOON LAUNCHED IN INDIA


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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