RBI Withholds WhatsApp Pay in India Citing Non-Compliance of Data Laws
RBI Withholds WhatsApp Pay in India Citing Non-Compliance of Data Laws Followingdire predictions from ‘experts’and persistentskepticism from politicians, the Reserve Bank of India (RBI) has told the Supreme Court that WhatsApp doesn’t have its permission to start itsproposed payments servicein the country. According to the RBI, the Facebook-owned platform is still non-compliant with India’s data localization laws, which is why it has directed the National Payments Corporation of India (NPCI) to prevent the company from launching its UPI payments service....