Facebook backed WhatApp’s payments segment will have to wait more as far as its nationwide launch is concerned.
It is reportedly facing delay as it waiting to get final approval from the central government.
The centre is holding the final go-ahead over the concerns about how users’ data will be stored and other issues.
Union Ministry of Electronics and Information Technology has directed WhatsApp and its partner banks to present more details about the payments system, said ministry officials.
The ministry has asked the National Payments Corporation of India to confirm it via inspection that WhatsApp payments service is completely compliant with its requirements, they said.
The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.
Get a chance to meet the Who's who of the BFSI industry. Join Us for 3rd Elets BFSI Leadership Summit, Mumbai and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.
