NPCI, Digital Payment Platforms Seek Exemption From DPDP Act

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SUMMARY

NPCI, Google Pay, PhonePe and Amazon Pay have reportedly sought exemption from DPDP Act provisions, requiring user consent for transactions

The companies submitted in writing to MeitY that the mandate would be applicable on recurring payments, leading to a rise in costs and complexity

As per the DPDP draft rules, data fiduciaries will need to give necessary details and seek user consent before processing their personal data

The National Payments Corporation of India (NPCI), along with digital payment platforms such…



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NPCI, Digital Payment Platforms Seek Exemption From DPDP Act


SUMMARY

NPCI, Google Pay, PhonePe and Amazon Pay have reportedly sought exemption from DPDP Act provisions, requiring user consent for transactions

The companies submitted in writing to MeitY that the mandate would be applicable on recurring payments, leading to a rise in costs and complexity

As per the DPDP draft rules, data fiduciaries will need to give necessary details and seek user consent before processing their personal data

The National Payments Corporation of India (NPCI), along with digital payment platforms such…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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