According to Reuters on November 26, WhatsApp has received regulatory authorisation to quadruple the number of users on its payments service in India to 40 million.
The corporation had proposed that there be no limit on the number of people who might use its payment service in India.
Govt Allows Whatsapp To Offer Payments Services To 100% More Indian Users!
The National Payments Corporation of India (NPCI) advised the company this week that it might expand the number of users to whom it can offer its payment service, which is presently limited to 20 million, according to the source.
Given that WhatsApp’s messenger service has more than 500 million users in India, the company’s largest market, the new cap, according to the source, would still stifle the company’s growth prospects.
When the new cap would go into effect was unclear.
What WhatsApp Has To Say About This?
WhatsApp did not immediately respond to the statement regarding the matter while the NPCI declined to comment.
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