The National Payment Corporation of India (NPCI) has lifted the limit on onboarding UPI users for the third-party app provider WhatsApp Pay, effective immediately.
Now WhatsApp Pay can extend UPI services to its entire user base in India, according to a statement from NPCI.
NPCI had previously permitted WhatsApp Pay to grow its UPI user base in phases, with a limit of 100 million users. This cap has now been removed, allowing WhatsApp Pay to broaden its services without restrictions.
The initial caps were set to ensure a smooth rollout and avoid overloading the banking system. WhatsApp Pay will continue to follow all UPI rules and guidelines for Third-Party Application Providers (TPAPs), according to NPCI.
The NPCI is established by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA). It is an umbrella organisation for retail payment and settlement systems in India.
The Unified Payments Interface (UPI) framework is managed by NPCI.
