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India lifts WhatsApp payment curbs

  • India has removed restrictions on WhatsApp’s payments service, allowing it to roll out WhatsApp Pay to all users in India.
  • Previously, there was a cap of 100 million users for WhatsApp Pay, but now the cap has been lifted.
  • This decision marks a shift in the regulator's cautious approach and signifies a victory for Meta in its largest market.
  • NPCI has also postponed the implementation of a 30% cap on any individual app's share of transactions on the UPI network.

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