This site would like to set some non-essential temporary cookies. Some cookies we use are essential to make our site work.
Others such as Google Analytics help us to improve the site or provide additional but non-essential features to you.
No behavioural or tracking cookies are used.
To change your consent settings, read about the cookies we set and your privacy, please see our Privacy Policy



Payments & FinTech Lawyer

India steps towards localisation of payment systems data

The Reserve Bank of India (‘RBI’) issued on 6 April 2018 a Notification on the Storage of Payment System Data, which requires amongst other things that all payment system providers ensure that all of the data relating to payment systems operated by them are only stored in a system in India. For the ‘foreign leg of the transaction,’ the data can also be stored in the foreign country, if required. Vaibhav Parikh, Aaron Kamath and Abhishek Senthilnathan of Nishith Desai Associates, discuss the new data localisation requirements in India relating to payment systems and the areas of ambiguity.

Sign up for a free trial for a week’s access to the entire latest issue of the journal
You must be logged in and have an active full subscription to view full articles.
Log in now
If you are not already a subscriber, take a subscription for full access to our entire online archives.
Subscribe

Search Publication Archives



Our publication archives contain all of our articles, dating back to 2006.
Can’t find what you are looking for?
Try an Advanced Search

Log in to payments & fintech lawyer
Subscribe to payments & fintech lawyer
Register for a Free Trial to payments & fintech lawyer
payments & fintech lawyer Pricing

Social Media

Follow payments & fintech lawyer on TwitterView our LinkedIn Profilepayments & fintech lawyer RSS Feed