in

WhatsApp will launch payments only after trial run

WhatsApp will launch payments only after trial run 1

One of the largest Instant Messaging application, Whatsapp revealed yesterday that the Supreme Court is conducting a trial run of its payment services and will soon comply with the Reserve bank of India norms on the data localization before even launching the full service.

The trial run is also going to be completed by the end of July this year, it revealed. Some of the people claims, that the Whatsapp has not also fully complied with the RBI circular which also prescribed some of the norms of localization.

Some of the senior advocates revealed that they are soon only having a trial run which is also going to be completed by the month of July and it will also not launch digital payment services without fully complying with the norms of the RBI.

“We cannot launch the product without complying with the norms,” Sibal said.

Whatsapp has also around 200 Million users in India and almost more than 2 million people as of now are also testing its payment service. India as of now is one of the largest bases for the Facebook-owned company that has more than 2 billion users across the globe.

“WhatsApp is a foreign company with no office or servers in India. To run Payments Service in India, WhatsApp is obligated to have its office and payments in India,” it said.  “Moreover, it is also required to have a Grievance Officer for users in India. Yet, it is being allowed to continue with its payments and other services, without any check,” the plea claimed.

It also revealed that the users have a number on Whatsapp but the messaging platform has now no number with the help of which its users can contact to any of the grievance redressal.

Written by Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

9 security and privacy risks of IoT in 2019 6

9 security and privacy risks of IoT in 2019

SoftBank plans IPO of $100 billion Vision Fund 7

SoftBank plans IPO of $100 billion Vision Fund