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NPCI and RBI greenlight WhatsApp Pay: Report

WhatsApp Pay
WhatsApp Pay

WhatsApp will now be able to roll out its UPI payments platform, WhatsApp Pay, across India in a phased manner after securing the license from the National Payments Corporation of India (NPCI), Business Standard reported. This approval reportedly comes a few days after RBI's assent. In the first phase, WhatsApp will be able to offer payments services to 10 million Indian users, according to the report. NPCI and WhatsApp have declined to comment, and we are awaiting a response from RBI. WhatsApp has reportedly agreed to comply with RBI's data localisation norms, which was a key reason for the delay in the launch of WhatsApp Pay. In November 2019, the RBI had told the Supreme Court that it would not allow a full-scale launch of WhatsApp Pay on the Unified Payments Interface (UPI) until it complies with the data localisation…

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