NPCI clears decks for WhatsApp Pay
WhatsApp unit is set to launch its payment services in India, with the National Payments Corp. of India (NPCI) informing the Reserve Bank of India (RBI) that the messaging platform has met data localisation requirements.
An affidavit filed by RBI in the Supreme Court last week said NPCI had told the central bank in June that it was satisfied with WhatsApp’s compliance with the regulator’s data storage rules and was good to go live on the Unified Payments Interface (UPI) platform. WhatsApp is now offering the payments on a trial basis to some users.
“We would like to confirm that WhatsApp has satisfied the data localisation requirements based on Cert-In auditor’s reports and we hereby are giving ICICI Bank (payment service provider bank for WhatsApp) the approval to go live,” the affidavit submitted by RBI to the court said.