Latest News on Payment Firms
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Jul 12, 2018
Govt proposes easing local data storage rules for foreign payment firms after intense lobbying by US firmsEasing 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.