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Wed, Sep 19, 2018 | Last Updated 2:04 pm IST

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WhatsApp says Facebook passes payment information to bank partner & NPCI

WhatsApp says Facebook passes payment information to bank partner & NPCI
WhatsApp says Facebook passes payment information to bank partner & NPCI
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

According to sources Cambridge Analytica-Facebook data mining and data security issue has stirred the entire world in many ways and the reactions from different corners are flying thick and fast. Meanwhile social media platforms are coming under intense scrutiny and many questions are being asked. One of them relates to the data being collected by WhatsApp through its newly introduced UPI based payments gateway.



Recently WhatsApp has launched its digital payment facility, using the Unified Payments Interface UPI, for its Indian customers, but only to a limited number of subscribers. Meanwhile it may now make it available to everyone probably soon. Accordingly the National Payments Commission of India (NPCI), which oversees the operation of UPI, has clearly laid down that sharing of customer data by banks which make the payments through such third-party apps cannot be done without obtaining its written consent.  

WhatsApp says Facebook passes payment information to bank partner & NPCI

Moreover the government, on its part, says a 10 member committee headed by Supreme Court justice B.N. Srikrishna has been constituted to go into the data privacy issue and to come up with the draft regulations or legislation.

WhatsApp says Facebook passes payment information to bank partner & NPCI

WhatsApp says Facebook passes payment information to bank partner & NPCI
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Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.