Government and RBI Not Considering to Extend Deadline for Storing Payments Data Locally
The government and Reserve Bank of India are not considering to extend the deadline for local data storage (Data Localisation) by foreign payment companies. For the unaware, payments services firms are given a deadline of October 15 to set up the data locally, in order to avoid any issues in the future. The government would not relent under pressure from the global payment firms and the RBI is unlikely to... Read More
