WhatsApp wins approval to double payments offering to 40 million users in India – source

WhatsApp wins approval to double payments offering to 40 million users in India - source

WhatsApp wins approval to double payments offering to 40 million users in India – source

Information about WhatsApp wins approval to double payments offering to 40 million users in India – source

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By Aditya Kalra
NEW DELHI (Reuters) – WhatsApp has won regulatory approval to double the number of users on its payments service in India to 40 million, a source with direct knowledge told Reuters on Friday.
The company had requested that there should be no cap on users of its payment service in India.
Instead, the National Payments Corporation of India (NPCI)this week told the company it could double the user base to which it can offer its payment service – currently restricted to 20 million – the source said.
WhatsApp is owned by Facebook, which recently changed its name to Meta.
The source said the new cap would still hinder the company’s growth prospects given …

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