PhonePe CEO Sameer Nigam backs DPDP Act, says no impact on business

PhonePe founder and Chief Executive Officer Sameer Nigam on Tuesday said the fintech major is not concerned about the impact of the Digital Personal Data Protection (DPDP) Act on its business operations, despite initially having reservations about the proposed framework. Speaking at the Business Standard BFSI Insight Summit in Mumbai, Nigam said PhonePe had adopted a proactive approach towards data privacy, establishing a dedicated function to oversee the handling of customer information years before the legislation was introduced.