Facebook Announces WhatsApp Payments Workforce Will Set Up in UK, Plans to Hire Over 100 Staff
Technology is coming to the United Kingdom as Facebook announced this week that London will serve as the main headquarters for WhatsApp's dedicated payments system and team. This is according to local news sources such as the Financial Times.
Along with this recent announcement, the company has stated that it will be staffing up this same HQ with approximately 100 people. The majority of which will consist of software engineers which will be working out of the HQ in London as well as a smaller office situated in Dublin, Ireland.
According to the team, this will equate to a total expansion of WhatsApp's total workforce by over 25 percent.
One of the industries that, according to news reports since 2016, that has, in fact, been helped by the uncertainty caused by Brexit, has been the world of Fintech. As opposed to other companies which have made contingency plans to vacate the UK, more companies are flocking to London to seize at the opportunity.
As a result, London proves successful in attracting businesses from all over the world such as India, and nations where the application of WhatsApp proves to be the most popular.
Statistically speaking, the United Kingdom is generally far more favored as a place to establish a business, especially for WhatsApp, considering the fact that it is more commonly used in the former rather than the United States, its closest competitor.
In total, more than 1.5 Billion people make use of the international calls and messaging solution on a global level. According to the Chief Executive Officer of Facebook, Mark Zuckerberg, who spoke during the F8 conference this week –
“Payments is one of the areas where we have an opportunity to make it a lot easier. I believe it should be as easy to send money to someone as it is to send a photo.”
According to the Facebook team, it is also currently underway with the creation of a machine-learning solution in order to “identify patterns of abuse in bulk messaging.”
With the introduction of end to end encryption for peer to peer messaging, the company has not been able to identify or trace the massive amount of messages sent through the WhatsApp application.
This has proven to be a cause for concern for Facebook, on account of the prospect of it being used for illegal purposes, such as sharing illegal images.