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Not allowed WhatsApp to go live for full-scale UPI operations: RBI tells SC

The RBI has told the Supreme Court that it hadn’t permitted WhatsApp to go live with full-scale payment services on the Unified Payments Interface (UPI) system. Based on a systems audit report forwarded by the NPCI, the banking regulator said it was concerned that WhatsApp was storing some payment data elements outside India beyond the timelines permitted in its June 26, 2019 circular. The central bank said it had advised the National Payment Corporation of India (NPCI), which manages the UPI system, to not permit WhatsApp to launch full-scale payment services till the time it fully complied with the rules.

Read More at The Economic Times News date : 1 Aug 2020, Saturday

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