Facebook's WhatsApp said on Tuesday it has built a system that stores payments-related data locally in India, in a bid to comply with a central bank directive that all such data should, within six months, be stored only in the country.
WhatsApp rolled out a test of its payment system in India, its biggest market by users, earlier this year.
"In response to India's payments data circular, we've built a system that stores payments-related data locally in India," WhatsApp said in an emailed statement.
The Reserve Bank in April said all payments data should be stored only in India for "unfettered supervisory access", a decision that has led to intense lobbying by global firms that worry it would cost them millions of dollars.
© Thomson Reuters 2018
Developing story...
For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.