WhatsApp is a step closer to disrupting India’s fintech space

Facebook-owned social messaging service WhatsApp is all set to take India’s fintech space by storm. Last week, the decks were cleared for the world’s largest social messenger app to start providing payment services in India. The Indian central bank-backed National Payment Corporation of India (NPCI) said that Whatsapp has complied with all data localisation norms and can soon go live, according to an affidavit filed by the Reserve Bank of India (RBI) in the country’s apex court.