WhatsApp Pay India Head Quits Within Four Months of Taking Charge

Vinay Choletti, head of WhatsApp’s India cost enterprise, has give up the agency inside 4 months within the position, marking the most recent in a collection of home senior-level departures at mum or dad firm Meta Platform.

“As I move on to my next adventure, I strongly believe that WhatsApp has the power to phenomenally transform digital payments and financial inclusion in India and I look forward to seeing it leverage its potential in the coming years,” Choletti wrote on LinkedIn late Tuesday.

Meta has seen a collection of adjustments in govt roles within the current months. WhatsApp’s India head Abhijit Bose, Meta’s public coverage director in India Rajiv Aggarwal and Meta’s India head Ajit Mohan had resigned in November.

Meta didn’t instantly reply to Reuters request for remark.

Choletti took cost of WhatsApp Pay in India following Manesh Mahatme’s exit in September to affix Amazon.

Before becoming a member of WhatsApp Pay in October 2021 as the pinnacle of Merchant Payments, Choletti had labored at Amazon for seven years, in keeping with his LinkedIn profile.

WhatsApp, the messaging service owned by Meta, been attempting to lure extra Indians to its peer-to-peer funds service because it tries to ramp up in a extremely aggressive market and lock horns with extra established payers equivalent to Alphabet’s Google Pay, Ant Group-backed Paytm and Walmart’s PhonePe.

Meta was in the midst of large layoffs final month, slicing greater than 11,000 jobs or 13 p.c of its workforce, because the Facebook mum or dad doubled down on its metaverse wager amid a crumbling promoting market and decades-high inflation.

© Thomson Reuters 2022