WhatsApp, a popular messaging app, has said that it will soon roll out its payment services to its Indian users.
It said that WhatsApp’s compliance with the Reserve Bank of India’s payment guidelines on data localization satisfied NPCI. The company said that their team worked hard to meet the standards over the last year. It added that WhatsApp shares Honourable Prime Minister Modi’s belief to invest in India and is committed to playing a strong role by being a significant channel for accelerating financial inclusion and a more Digital India. The company said, “We are excited to provide payments to all of our users in India soon.”
WhatsApp's payment plans have been restricted to only 1 million users for over two years since it launched the feature in India. Mark Zuckerberg, CEO of Facebook, said that during the company’s Q2 earnings call on 30th July the company was in talks with regulators in India as well as in Brazil. He also added that the talks were progressing slower than they’d like. The WhatsApp Pay was suspended within a week of its launch in Brazil in June citing the need for more analysis.
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Business
May 17, 2021
Pariyal Gupta
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Editor: Ekta Joshi
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In an affidavit filed by the Facebook-owned company WhatsApp, it submitted that it is not forcing its users to accept the 2021 update in its privacy policy as it is not mandatory. This statement came in reply to a petition filed before the Delhi High Court which challenged WhatsApp’s 2021 privacy policy update as being violative of Article 21 of the Constitution as it does not provide its users with the option to opt-out of the policy.WhatsApp stated that its users are given the liberty to...
WhatsApp privacy policy: No accounts will be deleted for not accepting update by May 15, 2021
Business
May 10, 2021
Snehal Khemka
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Editor: Ekta Joshi
)
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Facebook-owned WhatsApp on Friday, May 7, 2021, said that no user account will be deleted for not accepting its privacy policy update, scrapping the deadline for which was set as Saturday, May 15, 2021. The messaging platform is facing a probe by the Competition Commission of India on the policy update, with the anti-trust watchdog taking exception to the company's 'take-it-or-leave-it' approach.WhatsApp had announced a controversial policy update in January 2021 which said that it would be...
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