WhatsApp Pay to Finally Rollout for Indian Users, All You Should Know

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WhatsApp Pay is an in-chat system which will allow users to chat with other people and with that make payments as well. The National Payments Corporation of India (NCPI) which regulates all the digital retail financial transactions in the country has finally allowed WhatsApp Pay to become a reality for the Indian users. Now WhatsApp can rollout out its payment feature for the Indian users, but there is a limit imposed. The social media giant is only allowed to roll-out this feature to a maximum of 20 million users initially. More details on the story ahead.

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WhatsApp Pay Might Give Tough Competition to Other UPI Platforms

The user limit for WhatsApp Pay has been capped at 20 million users initially by the regulator. Adding to this, NCPI announced recently that no User Payments Interface (UPI) platform such as Google Pay, Paytm UPI, and PhonePe will be allowed to carry out more than 30% of the total transactions which take place in the country. This order will be imposed from January 2021.

The new regulation by NCPI is likely to affect PhonePe and Google Pay, the two biggest UPI platforms in the country. WhatsApp Pay was supposed to launch in the country much earlier, but the social media giant just couldn’t seem to get permission from the regulator to start its services.

Many feared about the unfair advantage that WhatsApp Pay would have had because of the 400 million users of the platform. But now that worry has been put to rest since WhatsApp Pay can’t have more than 20 million users to start with.