WhatsApp is looking for a director to head its payments operations in India, as per a job post on Facebook. This person would report to Abhijit Bose, the head of WhatsApp India, and would be responsible for developing WhatsApp’s long-term strategy for payments in India. The company is looking for a person with a background in banking and payments, but experience in software is listed as a preferred qualification. Despite being piloted over two years ago in India, WhatsApp Pay has not seen a full launch yet. Facebook and WhatsApp have repeatedly run into hurdles around India’s data localisation mandate and the related regulatory clearances. At least two different cases have been filed in the Supreme Court against the service. In a moment of relief, the Reserve Bank of India informed the Supreme Court in July 2020 that National Payments Corporation of India (NPCI) had given ICICI Bank, WhatsApp Pay’s payment service provider (PSP), the approval to go live on June 5, 2020 since the platform had complied with the data localisation requirements. We have reached out to WhatsApp to know when the service will be fully launched in India. The company had earlier told us that WhatsApp Pay would be available to all users in India “soon”. WhatsApp will also pilot multiple projects to deliver insurance, microcredit and pension products to Indians over the next two to three years, WhatsApp’s India head, Abhijit Bose, had announced in July. India is not the only market where WhatsApp Pay is facing issues.…
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Europe fines Apple €1.8 billion in Spotify antitrust probe, orders it to remove anti-steering provisions
The case dates back to 2019 when Spotify filed a complaint against Apple's anti-steering rules which prevented apps like Spotify from informing their users...
Communication Ministry launches Digital Intelligence Platform for collaborative action against cybercrime
DIP contains information regarding cases detected as misuse of telecom resources and acts as a back-end repository of all requests received on the Sanchar...
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Views: Response to NPCI CEO’s comments that what is not written in regulations is a no-go for fintech entities
NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...
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