WhatsApp’s only major push into digital payments came in July 2022 as Meta invested $5.7 billion in Reliance Jio, India’s largest telecom firm, run by the country’s richest man, Mukesh Ambani. The ...

Earlier, NPCI had allowed WhatsApp Pay to increase the number of its UPI users in a phased manner. There was a limit of 10 ...

The decision lifts the previous 100 million user cap on WhatsApp Pay.The move signals a shift in the regulator’s cautious approach to WhatsApp’s payments ambitions. The NPCI, which reports to ...

At the same time that NPCI gave its nod to WhatsApp Pay’s launch, it introduced a market share cap of 30% on UPI players beginning from January 1, 2021, ostensibly to ensure that WhatsApp’s ...

WhatsApp, which reaches over 400 million users in India, counts India as its largest market by users. “National Payments Corporation of India (NPCI) has approved an additional sixty (60) million ...

NPCI has been gradually reducing the cap on WhatsApp over the years. The Corporation had, in 2020, given its nod to the social media platform to launch its payments service.

“Currently, NPCI has given its consent to roll out WhatsApp BHIM UPI beta launch with limited user base of 1 million and low per-transaction limit.

Gradually, by November 2020, NPCI allowed WhatsApp to launch UPI services, with user registration restricted to 20 million. By November 2022, the cap for WhatsApp Pay increased to 100 million users.

Clarifying further, the NPCI statement said that the final release of WhatsApp Payments will be allowed only if it meets BHIM UPI principles of interoperability, the ability to send/receive money ...

In addition to WhatsApp Payments, the NPCI has listed 21 third-party applications on its website. These apps use UPI technology. Some of the prominent names include PhonePe, ...

As per a report by Reuters citing two sources familiar with the matter, WhatsApp has gained NPCI approval. For years, the service has been telling NPCI that there should be no cap on the number of ...

NPCI imposed a 30 percent cap on UPI transactions facilitated by third-party applications that will be calculated based of the total volume of UPI transactions processed in the preceding three months.