No nod to WhatsApp to go live on full-scale UPI operations: RBI

The RBI has told the Supreme Court it has not granted permission to WhatsApp to go live for full scale operations on the Unified Payments Interface (UPI) payment system.

The central bank, in its counter-affidavit, said: "Reserve Bank had examined the said reports and the responses of the NPCI (National Payments Corporation India) and was concerned that WhatsApp was storing some payment data elements outside India beyond the permitted timelines indicated in the circular and the Frequently Asked Questions on 'Storage of Payment System Data' issued by RBI on June 26, 2019."

In addition, the NPCI was advised to ensure that WhatsApp does not store any of the payment transaction data elements in hashed/de-identified/encrypted form in its systems outside India. 

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