WhatsApp Payments: Fears arise as WhatsApp plans Pay feature in India - RBI guidelines say that all digital payment firms such as WhatsApp, Google Pay and others should store locally for their businesses in the country.
Facebook-owned Whatsapp announced earlier this year to start its payment service in India, the fears of data confidentiality came back, the government allegedly asked the National Payments Corporation of India (NPCI) to ensure it. That data from users is not shared
NPCI is an umbrella organization for all retail payments in India.
RBI guidelines say all digital payment firms such as WhatsApp, Google Pay and others should store locally for their businesses in the country.
Whatsapp has said is that he is ready with his data localization plans for his salary service.
A spokeswoman for Whatsapp told IANS, "In response to India's Payment Data Circular, we have created a system that stores local data payments in India locally."
Whatsapp Global Head Will Cathcat has asked its peer-to-peer, UP-based payment service for more than 300 million users on Thursday - especially small and medium businesses (SMB)? Occasionally at the end of this year, we will reach India.
Petty PM, the country's largest digital payment wallet, will refuse to comment on development on Friday.
However, last year, PettyM had informed 230 million users in India that it is clear that all payment data of Indian users should be processed and stored only within the country and it should not be allowed to go out of the country, processing Not even for
A spokesman for Patmium recently said, "It is important that we do not become Internet colonies for global companies and make every organization accountable for the security and confidentiality of our fellow countrymen."
It is a major case of national interest, Pettyma said, adding government should discourage inappropriate use and transfer of data.
According to advocate Virag Gupta, who represent the Center for Accountability and Systemic Change (CASC) and have taken Whatatsapp to court, internet giants should follow Indian laws, in which the appointment of the complaint officer in India and the data localization Includes.
At the last hearing on 3 May, Whatsapp told the Supreme Court that the company is running its payment service and will fully comply with the RBI's norms on data localization.
Gupta, along with RSS member KN Govindacharya filed a petition in the Delhi High Court against Facebook and Google in 2012.
Gupta said, "The data is new oil, in spite of India being its largest user base, there is hardly any value. It is mainly because Internet giants are not taxed properly in India," Gupta said. said.