Data Localisation required for Google Payment Services

Google Pay Google Payment services need to be come under the data localisation and data privacy bill that government of India working upon.

In a meeting between Sundar Pichai and India’s union minister for electronics and IT, Ravi Shankar Prasad, the Google  chief has agreed to abide by the data localisation mandate of the Reserve Bank of India (RBI) to all payment service providers. Google has however sought an extension of a couple of months to meet with the mandate that comes into force from October 15, said a top official of the ministry of electronics and IT who was present during the meeting that took place late last month.

“Google has agreed to abide by all the RBI requirements but has sought around two months extra to comply,” the official said.

In April, RBI mandated that all payment data of Indians have to be stored in servers located only in India in order to provide “unfettered access” to regulators. Companies were given six months to comply with the rule that has met with severe criticism from foreign payment firms. The deadline ends on

Google did not confirm the development but said it favours crossborder data flow as it made economic sense.

“We maintain that cross-border data flows today are ubiquitous and an essential phenomenon for global economic activity and universal access to information. Soaring data flows generate more economic value and hence the socioeconomic impact of restricting data flows must be thoroughly considered while framing any policy,” a Google spokesperson said in an email. “There is a need to find practical and contemporary solutions to policy issues in line with global best practices.”

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