4 ms·
Also, FB's proximity to the mega corporation that's known to be very friendly to the ruling party. FB's WhatsApp pay getting clearances / approvals soon after t
by tsjq 6y ago
Also, FB's proximity to the mega corporation that's known to be very friendly to the ruling party. FB's WhatsApp pay getting clearances / approvals soon after they made a large payment to Jio Platforms.
Timeline:
26Nov2019:
India puts WhatsApp's impending payments service on ice due to data localisation fracas.
Both the security breach by Pegasus malware and WhatsApp's reluctance to adhere to India's data localisation norms have caused it to sit on the sidelines of one of the hottest digital payments markets in the world. [1]
[1] https://www.zdnet.com/article/india-puts-whatsapps-impending-payments-service-on-ice-due-to-data-localisation-fracas/ https://www.zdnet.com/article/india-puts-whatsapps-impending...
24Apr2020:
Facebook is spending $5.7 billion to capitalize on India's internet boom. [2]
[2] https://edition.cnn.com/2020/04/22/tech/facebook-india-reliance-jio/index.html https://edition.cnn.com/2020/04/22/tech/facebook-india-relia...
08June2020:
WhatsApp gets a raw deal from India in payments. WhatsApp needs a nod from the National Payments Corporation of India to throw open the switch. [3].
[3]https://cio.economictimes.indiatimes.com/news/enterprise-services-and-applications/whatsapp-gets-a-raw-deal-from-india-in-payments/76252903 https://cio.economictimes.indiatimes.com/news/enterprise-ser...
16June2020:
WhatsApp launches payments service, 2 yrs after it began testing in India. [4]
[4]https://economictimes.indiatimes.com/magazines/panache/whatsapp-launches-payments-service-2-yrs-after-it-began-testing-in-india/articleshow/76400100.cms https://economictimes.indiatimes.com/magazines/panache/whats...
03Aug
WhatsApp a step closer to pay play. [5]
[5]https://www.livemint.com/industry/banking/whatsapp-a-step-closer-to-pay-play-11596419325500.html https://www.livemint.com/industry/banking/whatsapp-a-step-cl...
04Aug2020:
WhatsApp Pay has now met all data localisation rules, NPCI tells RBI [6]
[6]https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/whatsapp-pay-has-now-met-all-data-localisation-rules-npci-tells-rbi/articleshow/77343179.cms https://economictimes.indiatimes.com/small-biz/startups/news...
05Aug2020:
'NPCI gave ICICI Bank go ahead for WhatsApp Pay in June', RBI informs SC [7]
[7]https://www.medianama.com/2020/08/223-npci-approves-whatsapp-pay-rbi-supreme-court/ https://www.medianama.com/2020/08/223-npci-approves-whatsapp...