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The negatives of data localisation

Mandating that Indian citizens' payment data should be stored within the country may be counter-productive

Topics
Payment Banks  |  Indian Citizen  |  European Union

T V Ramachandran 



T V Ramachandran

The Reserve Bank of India (RBI) recently mandated that payment companies physically store Indian citizens’ payment data in India. Companies will have six months to comply. The RBI's aim is to protect the sensitive financial information of Indian citizens.

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First Published: Sun, May 13 2018. 06:00 IST

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