Hike likely to roll out payments platform before Whatsapp
Hike Messenger is set to launch a payments mechanism on its app that will be linked to the government-backed unified payments interface (UPI), a move that can make the messaging app the first in India to have the capability ahead of peers such as WhatsApp. Hike messenger is yet to make money. It will only start making money by 2018, perhaps 2020 as stated by its founder Kavin Bharti Mittal. The 28-year old is sun of Sunil Bharti Mittal, the founder of Bharti Airtel.
The home-bred messaging app, which raised $175 million last year from Tencent and Foxconn, valuing the company at $1.4 billion, may launch peer-to-peer payments within the app and provide a platform for making digital transactions such as recharges for mobile phone subscriptions, people aware of the company’s plans.