Whatsapp however, did not provide a timeframe for the rollout of this feature.
WhatsApp said it will display advertisements in its 'Status' section to monetise the popular messaging platform that has about 1.5 billion users globally.
"Around monetisation plans for WhatsApp, we already announced that we are going to be putting ads in 'Status'. So that is going to be a primary monetisation mode for the company as well as an opportunity for businesses to reach people on WhatsApp," WhatsApp Vice President Chris Daniels said.
He, however, did not provide a timeframe for the rollout of this feature.
According to reports, the Facebook-owned company will shortly allow advertisers to display ads in its Status section.
The 'Status' option allows users to share text, photos and short videos as their status, which disappear after 24 hours.
Facebook had acquired WhatsApp for $19 billion. The messaging platform, which competes with the likes of WeChat, Viber, Line and Hike, has over 250 million in India -- a key market where it is battling concerns over fake messages on its platform.
Daniels is currently in India and met IT Minister Ravi Shankar Prasad on October 31 in the backdrop of India's demand for traceability of sinister messages that have incited incidents of violence.After the meeting, Prasad said India is not seeking decryption of WhatsApp messages and its demand for traceability pertain to location and identity of those misusing the platform to spread fake news that provokes violence.