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Built system to store payments-related data in India to meet RBI norms: WhatsApp

Press Trust of India  |  New Delhi 

Mobile messaging platform Tuesday said it has built a system that stores payments-related data in India, in line with RBI's data localisation policy.

The (RBI), in a circular in April, had said all system providers will have to ensure that the entire data relating to payment systems operated by them are stored in a system only in It had given time till October 15 to comply with the mandate.

"In response to India's payments data circular, we've built a system that stores payments-related data locally in India," said in a statement.

- which began piloting its payments service in earlier this year - said almost one million people in the country are currently "testing" the feature.

The said WhatsApp hopes to expand the payments feature across India soon, so that it can "contribute to the country's financial inclusion goals".

On Monday, had met RBI B P Kanungo to discuss the data localisation norm for global financial companies. The meeting had been attended by Subhash Chandra Garg, and

The data localisation mandate by RBI had drawn mixed response from the industry with domestic payment companies like and welcoming the decision, while their global counterparts like (which offers Pay in India) have backed free flow of data.

At the same time, some international players have sought more time and also asked that they be allowed to mirror the data.

Internet Google, for instance, is learnt to have agreed to follow the RBI's local data storage norm for but wants time until December to comply with the rules, a government source had recently indicated.

Besides this, nearly ten international associations are believed to have recently drafted a joint letter flagging concerns with some of the proposed clauses of even the personal data protection bill, which too mandates local storage of certain types of data.

These industry bodies are said to be of the view that data localisation proposed in the draft bill could have "significant negative effects" on the ability of companies to do business in India.

Meanwhile, WhatsApp, which has drawn flak from the government for circulation of fake on its platform, has been testing its in India for a few months now.

India is the largest market for WhatsApp with the for over 200 million of its total 1.3 billion user base.

The government has already sent two notices to WhatsApp on the fake circulation issue, following which the company has taken a number of steps to curb the menace. These include restricting the number of forwards that can be sent in one go, forward labels to highlight such messages and appointment of a for India.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 09 2018. 14:20 IST
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