NPCI sees WhatsApp meeting data localisation norms in two months

Facebook-owned instant messaging giant WhatsApp will be compliant with data localisation norms over the next two months, after which it can roll out its much-delayed payments service here, National Payments Corporation (NCPI) said.

Even after the launch of WhatsApp’s payments service, it will take at least two years to reduce the cash dominance in the economy, as the user base of digital payments must at least treble to 300 million to have any tangible impact on paring cash usage, the RBI-created NPCI’s chief executive Dilip Asbe told PTI in an interview.