Mastercard moving data of Indian consumers from US-based servers; process to be completed by this year-end

Transaction data of Indian consumers is being deleted from the US-based servers from this month, it is being saved in India now. The exercise by global payments giant Mastercard aims to be completed by this year-end, a top official said. The development comes in the backdrop of the RBI, which has asked such payment technology firms to comply with data localisation norms, which requires them to store transaction data of Indian customers within the boundaries of the country. 

from IndiaTV Business: Google News Feed http://bit.ly/2E6SeiH
via Today’s News Headlines