The social messaging platform WhatsApp will soon roll out payments services for its users in India. The company said that NPCI is satisfied of its compliance with the RBI's guidelines on data localistion.
"Our team has worked hard to meet these standards over the last year," the company said. "WhatsApp shares Honorable Prime Minister Modi's belief to invest in India and we are committed to playing a strong role by being a significant channel for accelerating financial inclusion and a more Digital India. We are excited to provide payments to all of our users in India soon."
Since the pilot phase in India, the payments service of the incumbent had been limited to just 1 million customers.
In its Q2 earnings call, Mark Zuckerberg said that the company was undergoing talks with regulating entities in India and Brazil, but talks were going at a rather slow pace.