Cashless Consumer#CashlessConsumer #RTI We asked RBI about #PaymentsDataLocalisation compliance status and it is shocking that RBI doesn't have any details on even list of apps, let alone compliance status. The regulatory capacity is glaring here. We have appealed.
Payments has seen data governance related regulation since #PaymentsDataLocalisation and data governance (both personal and non-personal data) impacts consumers as much as any other regulation 2/
The #ChineseAppBan , just like #PaymentsDataLocalisation of RBI is arbitrary, If these apps were indeed national security threat, how was payments data localisation audited and certified ? We added GPay into the mix as well. NPCI & RBI to answer. #RTI