WhatsApp, which began testing its payments service in India with 1 million users in early 2018, can finally start to expand the feature to more users in the world’s second-largest internet market reported by Techcrunch. National Payments Corporation of India (NPCI) has granted approval to WhatsApp to roll out UPI-powered payments in India.
The report claims – WhatsApp, which has amassed over 400 million users in India, can expand payments to its users in a “graded manner,” and to start with, it can only roll out the payments service to 20 million users and has to work with multiple banking partners.
And also National Payments Corporation of India (NPCI), said that it will enforce a cap to ensure that no single payments app processes more than 30% of UPI transactions in a month.
