 "Mastercard recently launched an authentication product called Identity Check Express that enables customers to verify transactions on their own")
Mastercard is confident of completing its data localisation requirements in India by the end of this year. However, says the card payments major, restricting data flows in digital transactions will affect the quality of fraud detection and assessment.
“We are totally committed. In fact, we are in full execution mode...And, we remain completely committed to the end of the year (deadline) that we have given to the Reserve Bank of India. So, I don't see a challenge on the question of data localisation," said Ari Sarker, its Asia-Pacific co-president.
However, he adds, this restricting of cross-border data flow and storing data only
