Tag: payment

RBI has told Supreme Court that WhatsApp cannot start their payment business in India. This came as a result of WhatsApp non-compliance with the data localization norm. At present, they are battling the Israeli Spygate (Pegasus) controversy in India. RBI stated that WhatsApp which is owned by Facebook is not following the data localization norm and it has asked National Payments Corporation of India (NPCI) to not launch the WhatsApp payments on Unified Payments Interface (UPI).

Public sector oil companies have accused Air India of turning down the promise of payment. The companies said on Tuesday that Air India has reneged on the promise of payment of arrears of 100 crores every month and is not even giving any concrete roadmap of its payments, while the total arrears on the company have reached 5,000 crores.