They said a copy of the latest letter has also been sent to RBI. MeitY had raised questions over WhatsApp not following the two-factor authentication norms laid down by India’s central bank in addition to expressing concerns over management of user data.NPCI had responded to MeitY’s first letter in April. “NPCI has said that data is not to be shared with third parties. Facebook does not use WhatsApp payment information for commercial purposes, according to an official aware of WhatsApp’s policies.WhatsApp also offers two-step verification for added security but it is optional for users. The account data and customer payment authentication data should be stored with banks that are payment service providers, the circular said.RBI did not respond to ET’s queries till the time of going to press.

Source: Economic Times June 01, 2018 01:41 UTC