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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
On 6 April 2018, the Reserve Bank of India ordered global payment companies to store all data on transactions of Indian customers in India. The regulator then said, “All system providers shall ensure that the entire data relating to payment systems operated by them are stored in a system ‘only’ in India.”
The idea behind this “data localization” mandate was to ensure “better monitoring” and “unfettered supervisory access” to data stored with payment system providers, according to the RBI guidelines. And payments companies were then given till 15 October 2018 to comply with these data localization norms.
But the deadline …
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
