The social messaging platform WhatsApp will soon roll out payments services for its users in India, according to goodreturns.in. The company said that NPCI is satisfied of its compliance with the RBI’s guidelines on data localistion.
„Our team has worked hard to meet these standards over the last year,” the company said. „WhatsApp shares Honorable Prime Minister Modi’s belief to invest in India and we are committed to playing a strong role by being a significant channel for accelerating financial inclusion and a more Digital India. We are excited to provide payments to all of our users in India soon.”
Since the pilot phase in India, the payments service of the incumbent had been limited to just 1 million customers.
In its Q2 earnings call, Mark Zuckerberg said that the company was undergoing talks with regulating entities in India and Brazil, but talks were going at a rather slow pace.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
