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WhatsApp likely to enter digital payments sector: Co-Founder

By Newsd
Updated on :
Source: yimg

Instant messaging app WhatsApp co-founder Brian Acton on Friday talks about many things including future possibilities and about the new features of the app that is going viral for all the good and bad reasons in an interview with TOI in Delhi.

“It is our eighth birthday. I am excited to be in India specifically as it has passed a big milestone for us – 200 million monthly active users making it the largest population of WhatsApp users and also one of our most important markets.”

When being asked whether they are looking at digital payments via WhatsApp, he said, “It’s something where we are in early stages of investigating.” Significantly, the app has 1.2 billion monthly active users globally, of which, 200 million are in India alone. It makes the country their biggest market internationally.

Talking about the strategy behind the latest introduction to WhatsApp status, he said, “As you already know, in 2009, the product started with status (text status updates). It was the original founding of the product. WhatsApp was a pun on What’s up. Status was part of that. Over the last several years as we built the messaging capability, Jan and I asked each other, should we work on Status this year? We kept putting it off, primarily to focus on other things. We wanted to add end to end encryption, voice calling, video calling. So finally, this past summer we decided that we could start to build Status.”

On the featured being compared to Snapchat and Instagram stories, he said, “There is always going to be a comparison. People are aware of and familiar with other products. I think it is too early to make judgments of the quality of the product. I view it as this is just one step. We will continue to iterate on this feature. It is not like we are done. We will continue to improve it, we will take feedback from users.”

Acton along with Ukraine-born Jan Koum, both former Yahoo employees, founded WhatsApp in 2009.

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