WhatsApp has launched its payments feature in India after the go-ahead from the National Payments Corporation of India (NPCI). The Facebook-owned messaging app has been testing its payment service in the country for over a year.
Designed in partnership with NPCI, WhatsApp Pay is an in-chat payment feature that allows users to make transactions via WhatsApp to their contact list. It is a UPI-based payments service that allows you to both send and receive money.
WhatsApp Pay was launched in February 2018 in India as part of a trial run. On February 7, 2020, the messaging app received NPCI's approval to roll out its digital payment service in a phased manner.
However, the payment service will only be rolled out to 20 million WhatsApp users as the NPCI has said that a 30 per cent cap will be implemented on total payment volumes via every third party payments app from January 1, 2021.
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