WhatsApp Doesn’t Have Permission to Start Full-Scale Operations in India: RBI

Aug. 1, 2020

The never-ending saga ofWhatsApp Payhas taken yet another turn. In an affidavit to the Supreme Court this week, the RBI asserted that WhatsApp doesn’t have the requisite permissions to start full-scale operations of its UPI payments service in the country. The report comes weeks afterWhatsApp Pay was suspended in Brazilby the country’s central bank.

Late last year,the RBI directed the NPCInot to allow WhatsApp Pay to be rolled out in India. The regulator cited concerns about WhatsApp’s non-compliance of federal regulations as the rationale behind its decision. However, subsequent reports suggested that the company hadcleared all regulatory hurdles. It was finally expected to launch the much-anticipated service after supposedlygetting all regulatory approvalsthis year.

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