WhatsApp has been operating its payment services through WhatsApp Pay for a year. Reserve Bank of India has laid down certain localisation norms which dictates that data related to payments must be stored in a system in India. RBI has stated that WhatsApp is yet to comply with the localisation norms in India. WhatsApp has been facing several issues with operation in India. While this is one of them, another issue is to do with the traceability of fake forwards.
Source: Times of India
- 29 Mar 2019