wordpress blog stats
Connect with us

Hi, what are you looking for?

Paytm for data localisation citing privacy, level playing field for startups

Paytm has allegedly written to the Internet & Mobile Association of India (IAMAI) in support of the proposed draft Data Protection Bill, 2018, reports the Economic Times. This was after IAMAI asked industry players for comments on the bill. Paytm also said that IAMAI’s views on the matter appeared to be ‘disconnected from the interests of Indian startups.’ MediaNama has reached out to Paytm and IAMAI for a comment and we will update the story if and when we hear from them. Paytm says that it is for data localisation which will benefit Indian startups 'create a strong consumer data protection framework that respects the privacy concerns of citizens', provide a level playing field for the Indian startup ecosystem all financial data of Indians must be considered as ‘Critical Personal Data’ and therefore stored and processed only in the country. It is worth noting that the draft data protection bill requires all data fiduciaries to store ‘critical personal data’ within India only. In April, the RBI directed that all payments system operators working in India store payment systems data in India only within 6 months (in effect from October 15). However, the bill does not define ‘critical data’ explicitly. Paytm said that 6 months was ‘practical’ enough for companies to adhere to the central bank’s guidelines In May, the Payments Council of India (PCI), which has around 100 payments firms members, sought a meeting with the RBI to suggest “alternative solutions which can meet the RBI requirements of unfettered access”, according to a report. IAMAI: Data Privacy Bill an…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ