Foreign Payment Companies Must Store Indians Data In India... RBI's Good Policy
Photo: Reuters

Foreign Payment Companies Must Store Indians Data In India… RBI’s Good Policy

Recently, RBI issued a policy that requires that all credit card and e-payment data of Indians made in India to be "stored in India" and gave all payment companies 6 months to comply. No surprise - the western credit card (Visa, Mastercard, Amex) companies have started an intense lobbying effort and want to get this reversed with reasons all not really strong such as: *… Read More

  • https://www.reuters.com/article/us-india-data-localisation-exclusive/exclusive-india-resists-lobbying-by-u-s-payment-firms-to-ease-local-data-storage-rules-idUSKCN1IU1T1
  • 31 May 2018
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