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WhatsApp sets up system to store payments-related data locally

Agencies
October 9, 2018

New Delhi, Oct 9: Messaging platform WhatsApp Tuesday said it has set up a system in India that stores payments-related data locally in the country to comply with RBI regulations.

The Reserve Bank of India (RBI), in a circular dated April 6, had said all system providers shall ensure that the entire data relating to payment systems operated by them are stored in a system only in India.

It had given time till October 15 to comply with the mandate.

"In India, almost one million people are testing WhatsApp payments to send money to each other in a simple and secure way. In response to India's payments data circular, we've built a system that stores payments-related data locally in India," a WhatsApp spokesperson said.

The spokesperson added that the company hopes to expand the feature across India soon, so that it can "contribute to the country's financial inclusion goals".

RBI, in its April order, had said it is important to have "unfettered supervisory access to data stored with these system providers as also with their service providers/intermediaries/third party vendors and other entities in the payment ecosystem" to ensure better monitoring of payment service operators.

RBI further said data should include the full end-to-end transaction details, information collected/carried/ processed as part of the message/payment instruction.

Comments

Sandesh
 - 
Tuesday, 9 Oct 2018

Whatsapp not at all safe. It may be another trick from centre. During demonetisation, Paytm made huge benefit with feku

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News Network
July 11,2020

Mumbai, Jul 11: Bollywood veteran Amitabh Bachchan announced on Twitter late on Saturday that he tested positive for the novel coronavirus infection.

Taking to Twitter to announce the news, he said, "I have tested CoVID positive... " He added that family and staff had also undergone tests while Bachchan has been shifted to a hospital. 

Bachchan ended his tweet saying, "All that have been in close proximity to me in the last 10 days are requested to please get themselves tested !"

Bachchan, who was last seen in Gulabo Sitabo that released on OTT platforms, will be seen in Ranbir Kapoor-starrer Bhrahmastra.

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News Network
February 26,2020

Mangaluru, Feb 26: Customs officials at Mangalore International Airport on Wednesday arrested a man for trying to smuggle gold worth over Rs 26 lakh by concealing it in his rectum.

The accused has been identified as Moideen Arzan, a resident of Uppala, Kasaragod.

According to police, he arrived from Dubai by an Air India flight and was attempting to smuggle the gold which he had converted in the form of paste and concealed in rubber capsules inside his rectum.

Comments

Azmath
 - 
Thursday, 27 Feb 2020

"Get rich quick and by any means syndrome"
Those Economy Saboteurs/ Smugglers are very Desperate People whose means of livelihood depends Solely on their Criminal Activities. 

 

WHAT is driving these people so crazily into CRIMINALITY?!

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News Network
August 8,2020

Bengaluru, Aug 8: Anticipating a huge number of pilgrims from Karnataka to start visiting Ayodhya following the foundation stone laying ceremony of the Ram temple, Chief Minister B.S. Yediyurappa on Friday requested his Uttar Pradesh counterpart Yogi Adityanath for two acres of land to build a 'yatri nivas' (guest house).

"A large number of pilgrims from Karnataka would be visiting Ayodhya. The government of Karnataka wishes to construct a yatri nivas for the pilgrims visiting Ayodhya," Yediyurappa wrote to Yogi.

"I request you to grant two acres of land in Ayodhya for this purpose," he said.

The Chief Minister said the yatri nivas will be constructed for the benefit of pilgrims from the southern state.

He also congratulated the Uttar Pradesh Chief Minister for successfully laying the foundation stone for the Ram temple on Wednesday.

Comments

M SHARIEF SULTAN
 - 
Sunday, 9 Aug 2020

Use our money for corona patients. Dont waste tax payers money.

For Ayodhya pilgrims, Spend from your BJP looted money.

Ahmed A.K.
 - 
Sunday, 9 Aug 2020

Our ruling govt is only interested in RAM Mandir and spending crores of rupees for the temple. Why the other community is not demanding fund from the GOVT?

Not bothered about the development of the country as currently we have no idea how to tackle the corona viurs. Ministers are keen on builing Guest house for pilgrims, Statue of RAM etc etc.

Please concentrate on how to minimise the Virus issue in KARNAKATA like other Gulf countries.

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