New Delhi: Facebook is inching closer to launch much-anticipated WhatsApp Pay in India and will soon have positive news to share, the company’s CEO Mark Zuckerberg has said.
Data compliance issues and regulations have kept WhatsApp Pay launch in abeyance for quite some time, despite a successful test run of the payments service with one million users in the country.
“We have our test going to India. The test really shows that a lot of people are going to want to use this product. We’re very optimistic that we’re going to be able to launch to everyone in India soon, but of course will share more news when we have that,” Zuckerberg told analysts on an earnings call on Wednesday.
The peer-to-peer, UPI-based WhatsApp Pay service will reach over 400 million users – especially the small and medium businesses (SMBs) – to boost digital inclusion in the country. (IANS)
The government and the Reserve Bank of India (RBI) have expressed concerns over some of WhatsApp’s features in complying with the regulations. WhatsApp had earlier said it had built a local system to store payments-related data to comply with the RBI’s data localization requirement, but later in an affidavit submitted to the Supreme Court, the RBI said WhatsApp’s Pay is yet to comply with its data localization norms. (IANS)
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