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WhatsApp's plan for widespread deployment of its payment platform has encountered an unexpected hurdle. The government of India reportedly delayed Facebook's plans for a nationwide deployment of WhatsApp payments over concerns about how user data will be stored among other issues.
According to Bloomberg the Ministry of Electronics and Information Technology or MEITY, has asked WhatsApp and its partner banks to provide more information about the payment system. The people familiar with the case reveal that the ministry has also asked the National Payments Corporation of India, which oversees the payments, to confirm that WhatsApp is fully compliant with its requirements. "We are working closely with the Indian government, NPCI and multiple banks, including our payment service providers to extend the functionality to more people," said Anne Yeh, spokesperson for WhatsApp at Bloomberg
. a moment when the platform is already mixed with a different controversy. The Facebook-owned social messaging platform is in the crosshairs of regulators after several incidents of community lynching have been planned and executed using the service.
WhatsApp was used to transmit fake images and fake videos of kidnappings on the network that became viral. The messaging platform was warned by MEITY of the inaction and she took drastic action with a new policy today.
It is unclear whether this controversy played a role in the government's decision to block the deployment of WhatsApp Payments Reserve Bank of India mandated all payment services to store user data on local servers in order to preserve Privacy and security. The delay in deployment could affect WhatsApp which aims to compete with payment systems similar to Google Tez and Truecaller. ] Watch: Oppo Find X First look video
WhatsApp has more than 230 million users in the country and its digital payment platform is already considered a game changer. With the mov country In order to get rid of money, WhatsApp has been considered the driving force. But the delay could mean that competitors will succeed in integrating customers who are waiting for WhatsApp to start the payment platform.
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