India: WhatsApp builds system to store payments data in line with RBI norms

Whatsapp
People are seen as silhouettes as they check mobile devices whilst standing against an illuminated wall bearing WhatsApp Inc's logo in this arranged photograph in London, U.K. Photographer: Chris Ratcliffe/Bloomberg

Facebook Inc’s WhatsApp said on Tuesday it has built a system that stores payments-related data locally in India, in a bid to comply with a central bank directive that all such data should, within six months, be stored only in the country.

WhatsApp rolled out a test of its payment system in India, its biggest market by users, earlier this year.

“In response to India’s payments data circular, we’ve built a system that stores payments-related data locally in India,” WhatsApp said in an emailed statement.

The Reserve Bank in April said all payments data should be stored only in India for “unfettered supervisory access”, a decision that has led to intense lobbying by global firms that worry it would cost them millions of dollars.

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Reuters