Why Worry? Here Is A Data Centre For You To Meet The Govt. Guidelines
The Reserve Bank of India has come out all guns blazing by directing the payment companies . This directive is regarding storing of data locally. Giving them just about six months for compliance. The RBI went a step ahead, mandating all the payment system operators. This mandate was for them concerning data in order to be efficiently working in India. All of this to ensure that the data related to payment is system operated and stored in the country. The operators will have a period of six months to comply with this RBI directive. A detailed narrative is expected in a week's time. At present only a very few payment system operators are storing the data either partly or completely in the country. This information is as per the Reserve Bank of India report on the policy review announcement . There are some further insights. These all i n order to have unfettered access to all payment data. These are for the supervisory purposes, all which have been deciding that all paymen