Kunal Shah to become WhatsApp CEO: What CRED-Meta deal means for India’s fintech sector
Kunal Shah, founder of CRED, has been appointed as the new CEO of WhatsApp, with Meta investing $900 million in CRED. This move highlights concerns about US tech companies' growing influence over India's fintech sector and the data of Indian consumers. With WhatsApp's 500 million active users in India, Shah's leadership could significantly impact the platform's future direction and its integration with fintech services.