India: Reserve Bank Publishes FAQs on Storage of Payment System Data

On June 26, 2019, the Reserve Bank of India (RBI) published a set of FAQs on the storage of payment system data to ensure compliance with the data processing and storage guidelines by all payment system operators (PSOs). 

Earlier this year, stakeholders from the payments industry sought clarifications on the guidelines issued by the RBI. As a result, these FAQs have been published to clarify the following, among other things:

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