Snapchat may soon launch a payment service in line to WeChat considering the recent filings done by the company.
While Snapchat has been so successful with teenagers with its messaging service, it will be an interesting path ahead for the company planning to get into Payment. Instant messaging with almost no trace has been a big hit; however how can this be applied to payments will be the big puzzle for Snapchat.
One of the reasons of low adoption of wallet has been longer time to make a payment as compared to sliding a card. If Snapchat can come up with SnapPayments which solves this problem, then there is no looking back on wallet & mobile payment adoption.
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