WhatsApp Pay Rolls out in India
https://www.techradar.comAfter its trial in Brazil (which was then shoutdown), WhatsApp Pay is rolling out in India.
Facebook-owned WhatsApp has finally got the nod to launch its payments service in India. The National Payments Corporation of India (NPCI) has given WhatsApp the go-ahead to go live on the country’s United Payments Interface (UPI). WhatsApp can expand its UPI userbase gradually.
But the permission has come with a caveat. NPCI has told WhatsApp, which has over 400 million users in India, can expand payments to its users in a “graded manner”.
As per NCPI, WhatsApp can extend the payments service to 20 million users and has to work with multiple banking partners. NPCI has also said it would be enforcing a cap on third-party apps to ensure that no single app processes more than 30% of all UPI transactions in a month.
WhatsApp Pay is said to be rolled out in ten Indian regional languages.
