Finance Ministry Proposes Relaxing Local Data Storage Rules for Payment Firms

The proposal comes as a relief for companies including MasterCard, Visa and American Express that fear India's data onshoring move could cost them millions of dollars and set a precedent for other major governments to implement similar rules at a time when there is heightened scrutiny on how companies globally handle their customers' data.

from Top Business News- News18.com https://ift.tt/2uoPpUu