WhatsApp assures SC that it will not go ahead with the payment service without complying with Indian regulations
Earlier, WhatsApp had told the apex court that it is conducting a trial run of its payment service.
As per NPC, WhatsApp will meet the data localisation norms in the next two months.
National Payment Corporation of India's deadline for data localisation has, however, already expired.
WhatsApp Payments: Messaging app may turn heat on mobile wallet players, but game has shifted to value-added deals
What Facebook-controlled WhatsApp can do, however, is to possibly look deeper into your behaviour than other mobile wallet players like MobiKwik, PayTm etc