According to a report in Wall Street Journal on Tuesday, "the Noida, India-based company is preparing to introduce messaging functionality into its smartphone app".
Paytm, however, was yet to confirm the news.
According to the report, "the update and an official launch are expected to happen within the next two weeks".
According to media reports, Neeraj Arora, WhatsApp's Global Business Head, is currently member of Paytm's board of directors.
WhatsApp currently has over 200 million monthly active users in India and one billion users across the world.
Paytm, on the other hand, has over 220 million users and has over five million offline merchants across India.
Paytm, run by One97 Communication Ltd, recently raised $1.4 billion funding by the Japanese internet and telecom major SoftBank Group.
The Competition Commission of India (CCI) approved SoftBank's 20 per cent stake acquisition last month.
"CCI India approves acquisition of 20 percent stake in One97 Communications Limited by SoftBank Group Corp," the government agency said in a Twitter post.
Paytm was launched in August 2010 as an online recharges and bill payments platform and soon expanded into online and offline use-cases.
In January 2014, it launched the Paytm Wallet.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.