WhatsApp has won regulatory approval from The National Payments Corporation of India (NCPI) to double the number of users it can offer its payments service in India to. This comes after the Facebook-owned (well, Meta-owned) company requested that it should not have a cap on the number of users that it can work with.
A source told Reuters that WhatsApp has almost reached its user base of 20 million for payment services. This regulatory approval should give WhatsApp a lot more room to work with and grow into, although it’s not clear when the new cap will come into effect.
WhatsApp wins approval to expand WhatsApp Pay to 40 million users in India
WhatsApp has won approval to expand its Pay service to 40 million users in India. WhatsApp Pay is built on the Universal Payments System.