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NPCI Removes User Cap on WhatsApp Pay, Allowing Full UPI Access

share-iconTuesday, December 31 comment-icon3 weeks ago 4 views
News sources:
indiatimesINDIATIMES
NPCI Removes User Cap on WhatsApp Pay, Allowing Full UPI Access

Credited from: INDIATIMES

  • The National Payments Corporation of India (NPCI) has lifted the previous user limit on WhatsApp Pay, allowing access to its entire base of over 500 million users.
  • This change removes the previous 100 million-user cap that was gradually increased since the service's launch in 2020.
  • The move aims to enhance WhatsApp Pay's competitive position in the UPI market, where it has lagged behind platforms like Google Pay and PhonePe.
  • As of November 2023, WhatsApp Pay processed approximately 22 million transactions, a fraction compared to 12 billion by its competitors.
  • The NPCI also postponed the enforcement of transaction volume caps for digital payment firms by two years, now set for December 2026.

For more details, visit the original article at Times of India.

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A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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