Google seeks time to comply with RBI regulations on financial data storage

IT Minister Ravi Shankar Prasad had met Pichai at Google's Mountain View headquarters on August 29 during his visit to Silicon Valley

At a time when the government wants financial data to be stored in India, search giant Google has sought more time to comply with the mandate of the Reserve Bank of India (RBI) for its payments service. 

Sources said Google Chief Executive Officer Sundar Pichai had told IT Minister Ravi Shankar Prasad that Google Pay would comply with all the regulations related to digital payments services. He, however, has sought two months to comply with the RBI rules, an official in the ministry said.

Asked about the extension of time, a Google spokesperson said: “We maintain that cross-border data flows today are