The story of WhatsApp Pay’s foray into the Indian market and the roadblocks it has encountered in implementation offers fascinating insight into the growing importance of policy considerations in the Indian fin-tech landscape. Regulators in India have long adopted a reactive and accommodative approach in terms of policy formulation, especially in respect of technological advancement and entry of global tech giants in the country. However, recent events signal a tectonic shift in this approach which could have far-reaching consequences.
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Sidharrth (Sid) is a seasoned corporate lawyer and also the co-chair of the corporate practice with a core focus on private equity and mergers & acquisitions. Sid has substantial experience advising global private equity funds, multinational corporations and strategic investors on complex cross-border transactions across a broad spectrum of industries over the last two and a half decades, with over two decades in JSA itself.