WhatsApp’s payments service gets NPCI nod

NEW DELHI: The National Payments Corporation of India (NPCI) on Thursday finally allowed Facebook-owned messaging platform WhatsApp to roll out its payments service in the country in a “graded” manner.

The announcement by NPCI came just minutes after the organisation made a crucial change to its regulations concerning the use of the Unified Payments Interface (UPI). The change puts a limit on single third parties such as WhatsApp or its rivals Google Pay and Walmart’s PhonePe where they can only handle 30 per cent of overall UPI transaction volumes.