Indian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...

A new trade deal between India and Europe opens doors for businesses. However, companies like Hostinger from Lithuania already found succes...

Amazon Data Services India has acquired a significant land parcel near Mumbai. This expansion boosts its data centre capacity in India's la...

Sources told us that PhonePe is looking to set up local subsidiaries in these geographies, apply for a payment licence, and offer domestic ...

Rivals Google Pay and Walmart-owned PhonePe were given permissions by NPCI, as it is authorised to permit UPI-based payment services.

Last week, the RBI issued a clarification that all data related to payments must be stored only in India.

Since then, the government has drafted a similar policy for foreign e-commerce players as well.

This is the first time the central bank has made an official statement on WhatsApp’s payments business and compliance with data localisatio...

The biggest challenge to these companies, according to two top executives at global payment companies, lies in managing cyber-attacks in a ...

The statement comes just a day after the expiry of RBI-imposed deadline on data localisation for payments companies operating in India.

The RBI had issued a circular instructing all payments system providers to ensure that data relating to systems operated by them is stored ...

The US wants to prohibit data localisation to ensure free flow of information across borders.

Global corporations such as Pay-Pal, Visa and Mastercard along with payment service providers like Google and Amazon have sought more time.

Companies will have to store financial data here if it’s notified as critical data, a move that will add to their costs.

Paytm said mirroring of data is not the solution and many countries have disallowed companies from doing so.

Regulator’s stand that data be stored “only” in India is the biggest challenge with majority of industry bodies asking it to review or with...

"No one should be allowed to commercially launch service unless their systems are clearly only and only in India. Data Localisation is crit...