Parliament panel questions Paytm on Chinese investments, data storage
Paytm representatives were questioned by a Parliamentary panel on the quantum of Chinese investment in the company, and also warned them that the servers on which customer data is stored should be in India.
Joint Committee of Parliament on the Personal Data Protection Bill, questioned the top officials and submitted their suggestions on key aspects of the proposed legislation such as management and transfer abroad of sensitive personal data, sources said.
Paytm representatives were told that the server on which customer data is stored should be based in India, sources said, adding that they also wanted to know about the quantum of Chinese investments in the digital payment service and specifics about its “backend linkages“.
Questions were also raised about the possible conflict of interest considering that Paytm also sells its own products on its e-commerce platform, they said.
In its submission before the panel, Paytm said sensitive and personal data may be transferred outside India for the purpose of processing when explicit consent is given by the “data principal” for such transfer.
Facebook, Twitter and Amazon have deposed before the panel, while representatives of telecom operators Reliance Jio and Airtel and cab aggregators Ola and Uber have been asked to appear before it.
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