Facebook's WhatsApp Eyes Lending Feature in India (techcrunch.com) 7
WhatsApp, which began testing its mobile payments feature in India two years ago, could offer at least one more financial service to people in its biggest market. From a report: In a filing with the local regulator in India, the Facebook-owned service has listed credit as one of the areas it will pursue in the country. The Facebook -owned service declared with the local regulator earlier this month providing credit or loans as one of the "main objects to be pursued by it in the country." No other financial service is listed in the filing. At an event in Bangalore late last year, Abhijit Bose, WhatsApp's head in India, said he believed that the mobile payments market in India, which has attracted dozens of local and international firms in recent years, is still at a very early stage in the country and may eventually see firms move beyond just offering a way for people to send money to one another. WhatsApp has yet to receive approval from New Delhi for a nationwide rollout of Pay in India.
Huh? (Score:2)
Why would I lend eyes from Facebook?
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"Facebook's WhatsApp Eyes Lending Feature in India "
Can someone who can make sense of that title help the rest of us? With english capitalizing all words in titles, and company names and product names getting crazier every year, it's becoming near impossible to parse english titles of tech news.
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WhatsApp, owned by Facebook, is looking at a lending feature in India
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Meet your new corporate loan shark.
Fast Eddie's Payday Loans may have experience keeping people in permanent debt, but Facebook is going to make algorithms to do it.
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