Facebook-owned messaging platform WhatsApp has built a system that stores payments-related data in India, in line with the Reserve Bank of India (RBI) mandate for data localisation.
A few financial services players, however, say that greater clarity of the norms is required and the deadline should be extended as it takes time to build data centres.
WhatsApp has been running a pilot project of its payments services in India for the past few months. The government had earlier told the company to comply with the localisation norms before getting a go-ahead for a full-fledged launch. In April, the RBI had asked all