That’s what I wrote about in this story today, which begins:
India’s biggest local messaging app, Hike Ltd., has beaten Facebook Inc.’s WhatsApp into the country’s booming mobile-payments business.
Hike on Tuesday launched free bank-to-bank and mobile-wallet payments for its roughly 100 million users, meaning people can quickly send money to one another via the company’s smartphone app.
“We are the first to bring payments to a messaging app in India,” Hike’s founder and chief executive, Kavin Bharti Mittal, said at an event in New Delhi.
For more on Hike, see my story from last year, when they raised $175 milion from China’s Tencent and others.
- In This Week’s Newley’s Notes: India’s Hike; Alibaba’s Expansion; Ugly McMansions, Gorgeous Goats
- Exclusive By Me Yesterday: Facebook Messenger Hires Anand Chandrasekaran
- By Me Yesterday: Microsoft, eBay, Tencent Pour $1.4 Billion into India’s Flipkart
- Newley’s Notes 97: Apple’s India Bet; Uber Post-Kalanick; Free, Beautiful Ebooks
- How Uber’s Racing to Add Drivers Here in India