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Data privacy, safeguarding client details important: FM Sitharaman

Sitharaman added that safeguard of client data is the backbone to bringing trust

Nirmala Sitharaman, Finance Minister
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Nirmala Sitharaman, Finance Minister

Dilasha Seth New Delhi
Laying emphasis on the importance of data privacy and on safeguarding client data, finance minister Nirmala Sitharaman said India has the highest fintech adoption rate as compared to a much lower global average.
 
Speaking at a fintech conference on Tuesday, Sitharaman said the value of digital transactions has jumped to Rs 6 trillion in January-August 2021 from Rs 4 trillion last year and Rs 2 trillion in 2019.
 
“Data privacy is very important and it is an issue on which there can be a lot of contentious views. However, basic respect for privacy as the guiding principle is

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First Published: Sep 28 2021 | 11:55 PM IST

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