WhatsApp not abusing dominance for payments business: CCI – Times of India

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BENGALURU: The Competitors Fee of India (CCI) has rejected a case towards Fb-owned WhatsApp, which stated the messaging platform was abusing its dominant place to increase within the digital funds market in India. The case, filed in March, stated WhatsApp was forcing its massive person base to make use of its funds service, which is out there throughout the app. WhatsApp, in its submissions to CCI, stated it was solely a value-added service on prime of its messaging service.
“…the Fee tends to agree with WhatsApp that this allegation is untimely,” the CCI order stated. “..the Fee is of the opinion that there exists no prima facie case of contravention and the knowledge filed is directed to be closed below Part 26(2) of the Act,” it added.
Whereas CCI has dismissed the grievance towards WhatsApp, it talked about in its order that the fee doesn’t agree with WhatsApp’s submission that there is no such thing as a anti-competitive impact of providing WhatsApp Pay. The competitors regulator didn’t elaborate additional on the matter.
WhatsApp has 400 million energetic customers monthly in India and has been caught in beta-mode (1 million customers) for 2 years. Final month TOI reported saying Nationwide Funds Company of India (NPCI), which manages Unified Funds Interface (UPI), has confirmed WhatsApp Pay’s knowledge localisation compliance according to RBI pointers. The banking regulator, nevertheless, has not nonetheless given a timeline or the ultimate approval for WhatsApp to take its funds service past the restricted beta-stage.

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