NPCI allowed WhatsApp to start its payments service in the country in a "graded" manner, starting with a maximum registered user base of 20 million in UPI
Facebook has been open about its ambition to build a large commerce business in India with WhatsApp messaging at the center
Messenger app has an average monthly download of 30.8 mn
WhatsApp Pay is the UPI-based payments system of Facebook-owned messaging app WhatsApp, embedded within the app itself
WhatsApp's integration into Jio's e-com platform holds the key: Experts
The social media giant apparently seeks to catch up on mobile commerce after its WhatsApp Pay failed to make a mark
From WhatsApp Pay's phased roll out in India to PhonePe's plans of creating world's biggest ATM network in India, here are the day's top headlines
NPCI nod for phased launch comes 2 years after trial run
Says won't allow the services until it meets data norms
In May, WhatsApp, which has 400 million users in India, urged its 1.5 billion global users to upgrade the app after discovering the vulnerability.
An Israeli spyware was used to snoop of some 1,400 people globally, including 121 Indian citizens. Listen to the podcast to know how this incident might affect the launch of WhatsApp's payment service
From snooping row to India's position on RCEP, here are the top 10 business headlines for the day
Last week, Facebook-owned WhatsApp said it was filing a federal complaint in the US against Israeli technology firm NSO Group
The messaging app, which has about 400 million users in India, has been testing its payments service in the country since last year with about a million users
Once launched, Facebook's WhatsApp Pay would directly compete with players such as Alphabet's Google Pay, Walmart owned PhonePe, Amazon Pay and Alibaba-backed Paytm in India
Waging an all-out war against WhatsApp Pay, Paytm's founder Vijay Shekhar Sharma had earlier alleged that Facebook is the "most evil company" in the world
Facebook was earlier forced to retreat on its plan to own India's internet traffic due to opposition to Free Basics
NPCI, however, stays silent on the key issue of two-factor authentication; sources, however, claim that WhatsApp will play by rules