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Storage Of Payment System Data

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Rediff's Wave Rider Retires!

After steering the Rediff mothership for close to 29 years, Ajit Balakrishnan, founder, chairman and CEO, did what few businessmen in this country do -- R-E-T-I-R-E. On August 2, 2024, we were......

'Aadhaar is the best in class in terms of privacy protection'

'The government is having the right approach, where Aadhaar is voluntary.' 'By the time I stepped down as UIDAI chairman, over 300 million were getting Aadhaar-linked cash transfers.' 'I think PM......

Why the UID number project must be scrapped

Human right activist Gopal Krishna makes a case that the Unique Identification Number project is a gross violation of fundamental human rights and points out that a similar project/law in Britain......

Paytm gets NPCI nod to onboard new UPI users

The National Payments Corporation of India (NPCI) has granted approval to Paytm to onboard new UPI users, subject to the adherence to all procedural guidelines and circulars, according to the......

After 15 months, RBI allows AmEx to acquire new credit card customers

The Reserve Bank of India has on Wednesday lifted the ban on new customer acquisition by American Express which was imposed with effect from May 2021 due to non-compliance with local data storage......

Data related to payments to be stored only in India: RBI

The central bank had advised all system providers to ensure that within a period of six months, the entire data relating to payment systems operated by them is stored in a system only in India.......

RBI bars Mastercard from adding new customers in India from July 22

The Reserve Bank on Wednesday barred Mastercard Asia Pacific from onboarding new credit, debit and prepaid card customers with effect from July 22 as it failed to comply with data storage norms.......

From May 1, Amex, Diners disallowed to add new customers

The Reserve Bank has restricted American Express Banking Corp and Diners Club International Ltd from on-boarding new domestic customers onto their card networks from May 1 for violating data......

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