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ARTICLE · 14 NOVEMBER 2018

RBI Insists For The Deadline Of Data Localization

S.S. Rana & Co.
S.S. Rana & Co.
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S.S. Rana & Co.

S.S. Rana & Co.

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With the increased proliferation of internet in the modern-day life digitalization has reached to another level of excellence.

IndiaTechnology
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With the increased proliferation of internet in the modern-day life digitalization has reached to another level of excellence. Availability of all major services including commercial transactions, banking activities, dissemination of information, communication, the virtual world has become a new hub for fulfilment of all requirements. This has also lead to increase in the e-payments by leaps and bounds, thereby demanding the restriction of data storage within the country. The simplified payment mechanism on the electronic interface allows the purchase of goods/ services at the click of a button. Considering the sensitivity of the nature of the transactions involving money, such systems directs for adoption of best safety and security measures on a continuous basis.

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