Photo Credit: LinkedIn/ Manesh Mahatme 2p1p1u
Mahatme was previously on the board of Amazon Pay India between 2014 and 2021
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.
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."
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.
© Thomson Reuters 2022
For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.