Global payments firms still pushing for free flow of data across borders

The data localisation conversation refuses to die down with payment providers pushing for free flow of data across borders in order to ensure that customer benefits and fraud analysis are not affected. While these players have set up or are in the process of storing data in India, data continues to be moved across borders for various processes such as data analysis and fraud detection.

A few leading payment providers are actively engaging with the Reserve Bank of India (RBI) for allowing free flow of data across borders. However, other payment providers believe that the RBI regulations only ask for