• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 22, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Paytm to Compete with WhatsApp by Launching its Own Chat Messenger

by Chinmay Bidkar
August 2, 2017
in News
Reading Time: 2 mins read
0
paytm chat messenger
TwitterWhatsappLinkedin

paytm chat messenger

You might also like

Louisiana Redefines Gas as “Green Energy” in Controversial New Legislation

Intel to Lay Off Over 10,000 Employees with No Severance

Jeff Bezos and Lauren Sánchez’s $16M Venetian Wedding

02 August 2017, India:

One of India’s leading digital payments company Paytm is planning to launch a chat messenger by the end of this month to compete with WhatsApp, a source familiar with the matter told Reuters.

SoftBank and Alibaba-backed Paytm’s messaging feature will allow people to share text, video and images for free. It could be unveiled in as soon as two weeks, as per the report by WSJ.

“I think there is room for more than one messaging app in India,” said Neha Dharia, an analyst at telecommunications research firm Ovum. While it may be challenging for Paytm to unseat WhatsApp given its huge user base, she said a new chat feature would bring Paytm closer to offering a wide range of services like Tencent’s WeChat app.

Related read- Out of 7.5 Billion People in the World, 1 Billion Use WhatsApp Daily!

In February, WhatsApp co-founder Brian Acton had met IT Minister Ravi Shankar Prasad to discuss ways in which the popular messaging app could contribute to India’s vision for digital commerce.

As we reported in April 2017, WhatsApp plans to use a cross-bank payment system called UPI, which is backed by the government, to enable payments between users within the next few months. Truecaller has already introduced user-to-user payments in India via a tie-in with ICICI Bank, which makes use of the same UPI system WhatsApp is said to be integrating.

Both WhatsApp and Paytm clearly appear to have an eye on WeChat’s lucrative model in China. WeChat provides both chat and messaging service within a single app, and is enormously popular within the country. Digital payments in India will jump nearly 10 times by 2020 to $500 billion, according to a 2016 report by Boston Consulting Group.

Vijay Shekhar Sharma-led Paytm raised $1.4 Billion from Softbank in May 2017 and has launched new verticals like Paytm Mall and Paytm Payments Bank. Paytm will use the funding to grow its user base, expand its payments bank operations and introduce more financial products. (Image- Office Chai)

Also read- WhatsApp Set to Compete with Paytm, to Introduce Digital Payments!

Tags: Digital Paymentpaytm chat messengerpaytm messengerWechatwhatsapp
Tweet54SendShare15
Previous Post

CP Gurnani to Continue Leading Tech Mahindra for Next Five Years

Next Post

Jasper Infotech Infuses $5.7 Million Funds in Vulcan Express

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Louisiana Redefines Gas as “Green Energy” in Controversial New Legislation

by Anochie Esther
June 22, 2025
0
Green energy

In a move drawing sharp criticism from environmentalists and energy policy experts alike, Louisiana lawmakers have passed HB692, a bill that reclassifies natural gas a fossil fuel as...

Read more

Intel to Lay Off Over 10,000 Employees with No Severance

by Anochie Esther
June 22, 2025
0
Intel

In a move set to reshape the global semiconductor landscape, Intel Corporation will lay off between 15% and 20% of its Intel Foundry division workforce beginning July 2025....

Read more

Jeff Bezos and Lauren Sánchez’s $16M Venetian Wedding

by Anochie Esther
June 22, 2025
0
Jeff Bezos

When the world’s third-richest man decides to tie the knot, the result is anything but modest. Jeff Bezos and Lauren Sánchez are preparing for what is already being...

Read more
Next Post
jasper infotech funds vulcan express

Jasper Infotech Infuses $5.7 Million Funds in Vulcan Express

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?