Facebook owned WhatsApp announced launching its Payments service in India later this year, the fears of data privacy came back to the fore, with the government reportedly asking the NPCI to ensure that users’ date are not shared. The NPCI is an umbrella organization for all retail payments in India.
According to the RBI , all the digital firms like Google Pay, WhatsApp and other must store data locally for their business in the country. Facebook Owned company said that it is ready with its data localisation for its pay service.
In response to India’s payments data circular, we’ve built a system that store payments related data locally in India, A WhatsApp spokesperson had told IANS.
WhatsApp Global Head will Cathcat on Thursday said its peer-to-peer, UPI based Pay service for over 300 million users- especially the small and medium business will arrive in India sometime later this year.
Paytm which will take the biggest hit refused to comment on the development on Friday. Paytm, reported 230 million users in India had made it clear that all payments data of the Indian users must be processed and store only within the country and must not allowed to go out of the country, not even for processing.
Read More: How to file ITR online
Recently, It is important we do not become mere Internet colonies for global companies. And make every organization accountable towards the security and privacy of data of our fellow country, A Paytm spokesperson said. This is a key matter of national interest, said Paytm, adding the government must discourage inappropriate use and transfer of data.
According to the advocate Virag Gupta who represents Centre for accountability and Systemic Changes. It has taken WhatsApp to the court, Interest giants ought to comply with Indian laws, including the appointment of Grievance Officer in India and data localisation.
In hearing on May 3, Whatsapp told the SC that the company is conducting a trial run of its payment service and will fully comply with the RBI norms on data localisation.
Gupta along with KN Govindacharya files a petition against Facebook and Google in the Delhi High court in 2012. Viraj Gupta said that, data is the new oil wherein India despite its biggest user base, hardly gets any value out of it. This is primarily because the Internet giants are not taxed properly in India.
Source- Zee News
- Battlegrounds Mobile India Posted a New Video Revealing the Tricolour-Inspired Logo Yet Again
- Call of Duty: Warzone Season 3; Top 5 Weapons
- Battlegrounds Mobile India likely to have exclusive in-game cosmetics and features
- 10 Things You Might Not Know About Ores in Minecraft
- Battlegrounds Mobile India Announced Officially
- Indian Government Approves 5G Networks Trials; No Chinese test for Trials
- Apex Legends: Secret Loot Bridge in Season 9
Battlegrounds Mobile India Posted a New Video Revealing the Tricolour-Inspired Logo Yet Again
Call of Duty: Warzone Season 3; Top 5 Weapons
Battlegrounds Mobile India likely to have exclusive in-game cosmetics and features
10 Things You Might Not Know About Ores in Minecraft
Battlegrounds Mobile India Announced Officially
Battlefield Mobile Coming in 2022: All You Need to Know
How to get Fey Yoshida’s Terror Case in Marble Mania- Roblox Metaverse Champions
Roblox Metaverse Champions: How to get AJ Striker’s Crate Drop-in Impostor
MotoGP 22: Release Date, Pre-Order, Gameplay, Price, Features & more
PUBG New State crosses 10 million pre-registrations on Google Play Store
Entertainment2 years ago
Vijay’s Bigil Full Movie Leaked Online by Tamil Rockers
Box Office2 years ago
War Hindi Full Movie Download Leaked Online on Tamilrockers
Box Office1 year ago
Jhalle Punjabi Full Movie Leaked Online Download by Tamilrockers
Entertainment2 years ago
Ardab Mutiyaran Full Movie Leaked Online by TamilRockers