India: Adopted directive on the storage of payment system data including data localisation requirement
Description
Adopted directive on the storage of payment system data including data localisation requirement
On 6 April 2018, the Reserve Bank of India adopted a directive containing updated instructions on the storage of payment system data. The directive requires all payment system providers to store the payment data only in India. The data subject to th…
Scope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank
Complete timeline of this policy change
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2018-04-05
under deliberation
2018-04-06
adopted
2018-10-06
in force