The National Payments Corporation of India (NPCI) announced on Thursday that WhatsApp may launch WhatsApp Pay service in India. NPCI said that WhatsApp would be allowed to roll out the service in a “graded manner” and would first be allowed to do so with a maximum of 20 million (20 million) registered users in UPI. Let us tell you that PhonePe recently announced that it has crossed the mark of 250 million (250 million) users. NPCI has also announced that from January 2021, such third party apps will be capped at 30 per cent for all future transactions.

The biggest impact of this limit on transactions will be on Google Pay and PhonePe, which, according to a recent report, handle 40 percent of UPI transactions in India.

Recently, the Competition Commission of India (CCI) dismissed a case against the Facebook-owned instant messaging platform, stating that the company has not taken the wrong path to expand into the country’s digital payments market. . In its order in August, the CCI said it did not find any violation of antitrust laws.

WhatsApp Pay was expected to launch in India much earlier, with an announcement expected around Diwali last year. Questions were also raised at that time whether WhatsApp would get an unfair advantage of the 400 million userbase at that time.