IT Min asks NPCI to check compliance of WhatsApp payments, data safety: Sources
The Reserve Bank of India on April 5, 2018 had said that all payment system operators will have to ensure that data related to payments is stored only in India and firms would have six months to comply with it. The source said that WhatsApp has permission to run the beta-version of the payments service for up to 10 lakh subscribers and NPCI has been asked to check all compliances before the US-based messaging app scales up its services.
The ministry of electronics and IT is learnt to have asked NPCI to check if WhatsApp payments service conforms with the RBI rules and data security of customers before the mobile messenger app scales up its services. Image source: Reuters