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Reserve Bank of India sticking with plan to force payments firms to store data locally, say sources

TheReserve Bank of India in April said all payments data should within six months be stored only in the country for “unfettered supervisory access”.

Global tech firms like Facebook, Mastercard to oppose India's planned data law

Facebook, Mastercard, PayPal fear the data law will increase their compliance, infrastructure costs.

Why companies like Apple are hesitating to launch payment services in India

RBI’s data localization mandate indicates the hurdles companies face to set up payment services.

Google, Mastercard together have been up to some behind-the-scene tracking: Report

Google and Mastercard have been working together in a secret deal for its ad tracking features.

India says storing copies of foreign payment firms' data is the proper solution

RBI had earlier said that all payments data should, within six months, be stored only in the country.

E-commerce, social media firms may be asked to store customer data locally; draft policy plan may 'unsettle' industry

It comes at a time when deep-pocketed foreign players are rapidly investing in the e-commerce market, which Morgan Stanley estimates may be worth $200 billion in a decade.

India plans to ask e-commerce, social media firms to store customer data locally

E-commerce policy is mandating that RuPay be included as a payment option for online transactions.

Empower women to turbocharge India’s productivity, don’t point fingers at politicians, don't obsess over manufacturing, says Mastercard CEO Ajay Banga at New India lecture in NY

Mastercard CEO Ajay Banga speaking in New York made a strong and nuanced case for turbocharging India’s productivity by bringing more women out of their homes and into the workplace and moving away from a manufacturing led thinking on growth.

Using AI in financial fraud detection can help banks save unnecessary losses

AI is already causing massive upheaval in the banking and financial services industry.

Govt proposes easing local data storage rules for foreign payment firms after intense lobbying by US firms

Easing the proposal would be a relief for firms including MasterCard, Visa, and American Express, which fear the country's data onshoring move could cost them millions of dollars and set a precedent for other major governments to implement similar rules at a time when there is heightened scrutiny of how companies globally handle their customers’ data.