WhatsApp Pay: How to enable, send and receive money

Last month, WhatsApp Pay rolled out its payments services in India, which counts as its biggest market with over 400 million users, after receiving nod from the National Payments Corporation of India (NPCI).

After launch, the Facebook-owned company said that its payments feature has been designed in partnership with NPCI using UPI, an India-first, real-time payment system that enables transactions with over 160 supported banks. With this, – will compete with players like Paytm, Google Pay, Walmart-owned PhonePe and Amazon Pay.

However, even with a 400-million user base in the country, WhatsApp Pay will only be rolled out to 20 million WhatsApp users. That’s because NPCI has said that a 30% cap will be implemented on total payment volumes via every third party payments app from January 1, 2021.