A parliamentary panel on Thursday questioned Paytm representatives about the quantum of Chinese expense in the business and informed them that the servers on which purchaser facts is saved must be in India.
Major officers of Paytm appeared in advance of the Joint Committee of Parliament on the Particular Information Protection Bill, and submitted their tips on essential areas of the proposed legislation these types of as administration and transfer abroad of delicate personalized data, sources stated.
Members of the panel from diverse political functions asked Paytm why the server on which facts of its shoppers is gathered and saved is overseas when it claims to be an Indian agency, sources claimed.
The panel customers advised Paytm reps that the server on which shopper data is saved need to be primarily based in India, sources explained, including that they also wished to know about the quantum of Chinese investments in the digital payment services and details about its “backend linkages”.
Queries were being also lifted about the attainable conflict of curiosity considering that Paytm also sells its have solutions on its e-commerce system, they said.
In its submission ahead of the panel, Paytm stated sensitive and particular info may be transferred outdoors India for the purpose of processing when express consent is offered by the “details principal” for these kinds of transfer.
Fb, Twitter and Amazon have deposed ahead of the panel, whilst associates of telecom operators Reliance Jio and Airtel and cab aggregators Ola and Uber have been requested to look in advance of it.
The committee, chaired by BJP MP Meenakshi Lekhi, is analyzing the Private Information Safety Invoice, 2019.
The Own Data Safety Bill was released in Lok Sabha by minister of electronics and data technology Ravi Shankar Prasad on December 11, 2019. The bill seeks to offer for defense of personalized information of men and women and institution of a data safety authority for the exact same.
The bill was afterwards referred to a joint choose committee of both of those Houses of Parliament. The proposed legislation seeks bar on storing and processing of own info by entities without the explicit consent of an person.
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