National Payments Corporation of India (NPCI) has informed the Reserve bank of India (RBI) via a filing that Facebook-owned messaging application WhatsApp is now fully compliant with data localisation norms. In a letter dated June 5, NPCI told the regulators that it confirms that WhatsApp Pay now satisfies the data localisation norms for payments service, The Economic Times reported.
Drivezy to terminate around 30% of its fleet
AS JustRide Tours and Travels, which operates peer-to-peer car and bike rental platform Drivezy, has decided to liquidate around 30% of its 15,000 two-wheelers and part of its four-wheeler fleet, Mint reported. This move is due to the Bengaluru headquartered company’s mounting debt and falling demand. Drivezy has rolled out a pre-owned vehicles buying and selling platform to dispose of the used vehicles. In February, Japanese two-wheeler major Yamaha Motor Company was in the advanced stages of discussions to invest $35 million in Drivezy.
Crazy Labs backs game developer studio Firescore Interactive
Game developer studio Firescore Interactive has secured $500,000 in a funding round led by Mumbai-based innovative games accelerator CrazyLabs. The company will use the funds to launch the first-ever Hyper Casual Gaming Hub for game studios around the world in India, according to a statement. The funding programme created by CrazyLabs is to help studios that are looking to build hyper-casual games exclusively, and are offering an additional profit share for games developed within the programme.