WhatsApp Pay India Head Manesh Mahatme was promised to leave the company before the start of the plans to revamp the payment service

WhatsApp Pay India Head Manesh Mahatme was promised to leave the company before the start of the pla ...

Manesh Mahatme, the head of WhatsApp''s India payment business, has withdrawn after more than a year in partnership with Meta Platforms, according to a source.

Mahatme''s departure comes at a critical time for WhatsApp, which is looking to expand its payment services in a competitive market and locking horns with more prominent players like Alphabet''s Google Pay, Ant Group-backed Paytm, and Walmart''s PhonePe.

WhatsApp Pay''s regulatory authority expanded to more than double its payments by offering to 100 million users in India, the country''s largest market with more than half a billion users.

Mahatme has been appointed as the director of product in Amazon.comin India''s e-commerce division, according to the source.

Mahatme was previously on the board of directors of Amazon Pay India between 2014 and 2021, according to his LinkedIn profile.

Mahatme plays an important role in extending access to WhatsApp payments in India, claiming that the payment service was "a priority for Meta," and that we will continue to instill and drive momentum as part of our larger initiatives.

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Amazon has not responded to a request for feedback.

WhatsApp has given out cashback bonuses this year to lure more Indians to its peer-to-peer payment platform, despite the regulatory restrictions on the number of users that can use it. It continues to be pushed to stiff competition by competitors.

2022 Thomson Reuters