WhatsApp wins approval to expand WhatsApp Pay to 40 million users in India

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.
WhatsApp Pay is built upon the Unified Payments Interface (UPI) platform, and it’s a part of a growing list of UPI-powered payments services, including Google Pay, Flipkart’s PhonePe, and Paytm. It’s pretty easy to get started using WhatsApp for sending and receiving money. It can be used to send and receive money between two bank accounts free of charge in a fast and secure way, and with this expansion, as reported by Reuters, the company will now be able to offer its services to 40 million users. WhatsApp has had a hard time trying to comply with Indian regulations, including meeting requirements for data storage which required all payments-related data to be stored lo…

Written By: Adam Conway

Original Article: https://www.xda-developers.com/whatsapp-pay-approval-expand-40-million/

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