India: Implemented compliance reporting requirement with data localisation outlined in directive on the storage of payment system data
Description
Implemented compliance reporting requirement with data localisation outlined in directive on the storage of payment system data
On 15 October 2018, the compliance reporting requirement with data localisation outlined in the directive on the storage of payment system data was implemented. The directive requires all payment system providers to store the payment data only in In…
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