A petition filed by an NGO with the Supreme Court of India seeks a ban of Whatsapp’s payment app citing violation of mandatory UPI guideline and regulations
Whatsapp, owned by social media giant Facebook, may not be able to launch its much-awaited payment service until the Reserve Bank of India (RBI) gives it the go-ahead.
WhatsApp has assured the Supreme Court that it will not roll out its payment services without complying with all payment regulations and norms in the country.
Whatsapp Pay, the messaging platform’s payments arm, was expected to launch by the end of May with its already established user base of about 1 million. This number is part of Whatsapp Pay’s trial run phase and would be eventually made available to its entire user base of more than 400 million.
The recent spanner in the works of Whatsapp Pay launch came about when NGO called Good Governance Chambers filed a Public Interest Litigation (PIL) seeking a ban on WhatsApp Pay.
The NGO, in its petition, has alleged that Whatsapp violates the mandatory guidelines and regulatory norms of the unified payment interface (UPI).
