WhatsApp Pay India Head Manesh Mahatme Said to Quit Firm Ahead of Plans to Ramp Up Payments Service d462f Technology News

WhatsApp is currently working on competing with established players such as Google Pay, Paytm, and PhonePe. 244s2i

By Reuters | Updated: 22 September 2022 17:29 IST

WhatsApp Pay India Head Manesh Mahatme Said to Quit Firm Ahead of Plans to Ramp Up Payments Service

Photo Credit: LinkedIn/ Manesh Mahatme 2p1p1u

Mahatme was previously on the board of Amazon Pay India between 2014 and 2021

Highlights

Mahatme ed WhatsApp Pay in April 2021
WhatsApp rolled out rewards to lure more Indians to its payments service
Mahatme was previously a senior executive at Amazon

ment

The head of WhatsApp's India payment business, Manesh Mahatme, has quit after more than a year with the Meta Platforms-owned company to Amazon India, a source told Reuters on Thursday.

Mahatme's exit comes at a critical time for PhonePe.

During his stint at WhatsApp Pay, the company won regulatory approval to more than double its payments offering to 100 million s in India, its biggest market with more than half a billion s overall.

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Mahatme has ed as director of product in the e-commerce division of Amazon.com in India, the source said.

He Amazon Pay India between 2014 and 2021, according to his LinkedIn profile.

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

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Amazon did not respond to a request for comment.

WhatsApp rolled out cashback rewards this year to lure more Indians to its peer-to-peer payments service, even though the regulatory caps on number of s that can use its service meant it continues to face stiff competition from rivals.

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