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Why e-payment companies give RBIs data localisation mandate a thumbs-up

The RBI, on 6 April, mandated that all digital payment providers will have to store their payments data in India. The deadline was set as 15 October and the RBI had made it clear it wouldnt budge. Indian e-payment players believe RBIs mandate is prudent and as a consequence of the new regulation, monitoring transactions will become a lot easier. US-based players expressed disappointment over the 15 October deadline being unattainable, their Indian counterparts voted a vociferous ‘no'”]

Source: https://www.csoonline.com/article/3448720/why-e-payment-companies-give-rbi-s-data-localisation-mandate-a-thumbs-up.html

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