Manesh Mahatme, WhatsApp's head, said he would quit the company ahead of plans to ramp up the payment system

Manesh Mahatme, WhatsApp's head, said he would quit the company ahead of plans to ramp up the paymen ...

Manesh Mahatme, the head of WhatsApp''s India payment business, has withdrawn after more than a year with the company''s main Meta Platforms, according to a source on Thursday.

Mahatme''s departure comes at a critical time for WhatsApp, which is looking to increase its payment service in a competitive market and lock horns with other top firms, including Alphabet''s Google Pay, Ant Group-backed Paytm, and Walmart''s PhonePe.

WhatsApp Pay, the company, which served as WhatsApp Pay, had regulatory approval 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 globally.

According to a source, Mahatme has joined the role of director of product in Amazon.comin India''s e-commerce division.

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

Mahatme played an important role in expanding access to WhatsApp payments in India, adding that the payment service was "a priority for Meta." We will continue to innovate and drive momentum as part of our larger efforts.

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Amazon has not responded to a request for clarification.

WhatsApp was introduced with cashback rewards this year to increase the number of Indians who use it in its peer-to-peer payments service, despite tight restrictions on the number of users it has been allowed to use.

2022 Thomson Reuters