WhatsApp is set to roll out health insurance and micro-pension products on its messaging platform in India through tie-ups with licensed financial services players.
The move comes as the Facebook-owned tech giant is set to expand its ambit of services to finance, commerce, education and social welfare in 2021.
In the first phase of launch, the instant messaging platform is set to partner with SBI General to launch a sachet-health insurance cover and HDFC Pension to make available National Pension Scheme (NPS) products on its popular app, Abhijit Bose, head of India for WhatsApp, said.
Bose, speaking at Facebook’s Fuel for India 2020 event on Wednesday, said that some of these micro-finance products which the company has been piloting over the last few months could go live within the end of this year.
Source: The Economic Times
