In Compliance with RBI, WhatsApp Agrees to Store Payments Data Locally in India. Let me give you the info. that RBI asks all the digital payment providers to store payment data locally. RBI marks the deadline for this new rule is October 15, 2018. However, Many Payment providers request RBI to extend this deadline.
Storing data locally doesn’t mean that storing a copy of payment data locally in India. RBI asks all the digital payment providers to store all the Payments data stores and remains only in India. According to Reserve bank of India, this makes data intact and more secure.
Presenting a reaction WhatsApp spokesperson says in India more than 1 Billion users are testing the WhatsApp Payment feature. However, after reviewing RBI requirements we agree to store payments data locally in India. Let me tell you WhatsApp Payment feature approval stuck from several months in India because of this issue. Moreover, NPCI and RBI have the authority to give this approval to the company. Till now, they don’t give the approval because WhatsApp doesn’t agree to store data locally. Now, because the company has built a system that stores payments data locally, seem like we soon use WhatsApp Payments.
Recently WhatsApp appoints a Grievance officer for India to monitor fake news and solving user’s queries.