WhatsApp Pay clearance: RBI raises data localisation concerns with NPCI

Says won't allow the services until it meets data norms

The Reserve Bank of India (RBI) has asked the National Payments Corporation of India (NPCI) to ensure that WhatsApp Pay is fully compliant with data localisation norms before it gets permission to roll out its services across the country. 

In a letter to the NPCI on November 1, the central bank made it clear that WhatsApp Pay, the payment services of the Facebook-owned messaging giant, needs to keep all financial data in every form in India. It stressed that financial data in any form cannot at any given point be stored abroad. The RBI also made it clear to the