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Meta's $900 Million Bet on Cred Is Really a Bet on WhatsApp Payments in India
mint - companies·Wednesday, 24 June 2026
Meta has made a landmark $900 million investment in Cred, the premium Indian fintech platform founded by Kunal Shah. The deal is described as part of Meta's broader $4.5 billion push into India. The investment gives Meta a foothold in India's UPI payments race and turns Cred into a test bed for WhatsApp's monetisation strategy.
Why It Matters
WhatsApp is already used by hundreds of millions of Indians — if Meta can turn it into a serious payments and commerce platform through Cred, it could change how Indians pay and shop online.
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