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WhatsApp is mulling offering loans to users in India


WhatsApp‘s payment ambitions in India might not just be limited to peer-to-peer transactions. The company is looking into the possibility of lending money to its users as well. Earlier this month, in a regulatory filing, the company said it wants to “advance money or give credit on such terms as may seem expedient, and with or without security, to customers and others.” However, as the company is barred by law from doing any banking business, it’ll have to execute this product through partnerships with existing banks. [Read: WhatsApp increases group call limit from 4 to 8 people] In 2018, WhatsApp…

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