Industry Shocked As India Doubles Down On Data Localisation Rules

The Reserve Bank of India (RBI) has brushed aside pleas from global payments giants and pushed ahead with strict controls over data storage, despite suggestions from the government that it was reconsidering the rules.

An April 2018 circular from the central bank, stipulating that end-to-end payment processing data be stored in India, reportedly upset firms including Facebook-owned WhatsApp, PayPal and the major US card schemes American Express, Mastercard and Visa. 

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