WhatsApp Pay will get nod to develop service

The National Payments Corporation of India (NPCI) on Wednesday permitted a further 60 million customers on UPI for WhatsApp. With this approval, WhatsApp will be capable of develop the service to its 100 million customers.

The NPCI gave WhatsApp approval to launch the funds service in 2020. It began with 20 million customers and the cap was elevated to 40 million in November final 12 months.

WhatsApp had earlier informed the NPCI that there must be no cap on customers of its funds service in India, its largest
market.

WhatsApp competes with Alphabet Inc’s Google Pay, SoftBank- and Ant Group-backed Paytm and Walmart’s PhonePe in India’s crowded digital market.

(With Reuters)