Facebook-owned messaging service WhatsApp has received the green light for a phased roll out of its WhatsApp Pay platform in India.
WhatsApp has more than 450 million users in India and a beta version of WhatsApp Pay was piloted with about 1 million users earlier last year.
In October, there were reports that compliance issues may delay the full launch of the payments service, but the National Payments Corporation of India (NPCI) gave the company permission for a full roll out in phases this month, according to a report in The Business Standard.
WhatsApp Pay is based on the Unified Payments Interface (UPI) standard. NPCI-developed UPI and enables bank account holders to receive or send money without the need to enter their net banking password or user ID.