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WhatsApp sets up system to store payments to meet RBI norm

Tuesday, October 9, 2018, 12:34 PM

Messaging platform WhatsApp Tuesday said it has set up a system in India that stores payments-related data locally in the country to comply with RBI regulations. The Reserve Bank of India (RBI), in a circular dated April 6, had said all system providers shall ensure that the entire data relating to payment systems operated by them are stored in a system only in India.