WhatsApp has won regulatory approval from the National Payments Corporation of India (NPCI) to expand its WhatsApp Pay payments service in India to 40 million users, reports Reuters.
WhatsApp Pay, based on the Unified Payments Interface (UPI) platform, is currently restricted to 20 million users in India, and while getting the nod from NPCI to double the user base is undoubtedly good news, WhatsApp might be not be all that elated with the approval since the company had requested to lift the cap entirely.
That’s because the currently approved limit makes up only 8 percent of…
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