Local Data Storage

US Treasury Secretary Steven Mnuchin also insisted that America has no problem if countries want to have local data for regulatory purposes as long as they do not eliminate it outside the country

Moving and storing its data only in India would take at least 12-18 months, a source said

Premji said privacy was an important right and needed protecting but there should also be a right balance between the interpretation of privacy and protection versus security

PhonePe said the reluctance of Internet companies to comply with RBI's data localisation norms had nothing to do with customer experience

Global payment firms currently store and process Indian transactions outside the country