India: Data localisation requirement in RBI Guidelines on Regulation of Payment Aggregators and Payment Gateways
Progress
Current status
in force
01 Apr 2020 in force
17 Mar 2020 adopted
Scope
Implementers
India
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Implemented Guidelines on Regulation of Payment Aggregators and Payment Gateways including data localisation requirement
On 1 April 2020, the Guidelines on the Regulation of Payment Aggregators (PAs) and Payment Gateways (PGs) issued by the Reserve Bank of India (RBI) were implemented. The Guidelines include a series of technology-related recommendations, which are co…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank
Adopted Guidelines on Regulation of Payment Aggregators and Payment Gateways including data localisation requirement
On 17 March 2020, the Reserve Bank of India (RBI) adopted the Guidelines on Regulation of Payment Aggregators (PAs) and Payment Gateways (PGs). The Guidelines include a series of technology-related recommendations, which are considered mandatory for…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank