GOOG - WhatsApp gets India's permission to expand payments service to 100 million - Reuters

WhatsApp (FB +0.1%) has won approval from India to more than double the users that can access its payments service there, Reuters reports. The Meta Platforms-owned messaging service has long sought no restrictions on its user base - which numbers 500 million users in India, its biggest market. In a smaller measure, though, the National Payments Corp. of India is allowing WhatsApp to expand beyond a current limit of 40 million users to 100 million. The NCPI is concerned that allowing WhatsApp's entire Indian market to access the service might strain the country's financial infrastructure, according to the report. The market for payments in India is crowded, and WhatsApp faces off with Google Pay (GOOG +1.2%) (GOOGL +1.4%), Paytm (SFTBY +2.8%) and PhonePe (WMT +2.3%).

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WhatsApp gets India's permission to expand payments service to 100 million - Reuters