New Delhi, October 29
A parliamentary panel on Thursday questioned Paytm representatives concerning the quantum of Chinese language funding within the firm and informed them that the servers on which buyer information is saved must be in India.
Prime officers of Paytm appeared earlier than the Joint Committee of Parliament on the Private Information Safety Invoice, and submitted their solutions on key elements of the proposed laws equivalent to administration and switch overseas of delicate private information, sources mentioned.
Members of the panel from totally different political events requested Paytm why the server on which information of its clients is collected and saved is overseas when it claims to be an Indian agency, sources mentioned.
The panel members informed Paytm representatives that the server on which buyer information is saved must be primarily based in India, sources mentioned, including that additionally they wished to know concerning the quantum of Chinese language investments within the digital fee service and specifics about its “backend linkages”.
Questions have been additionally raised concerning the doable battle of curiosity contemplating that Paytm additionally sells its personal merchandise on its e-commerce platform, they mentioned.
In its submission earlier than the panel, Paytm mentioned delicate and private information could also be transferred exterior India for the aim of processing when express consent is given by the “information principal” for such switch.
Fb, Twitter and Amazon have deposed earlier than the panel, whereas representatives of telecom operators Reliance Jio and Airtel and cab aggregators Ola and Uber have been requested to seem earlier than it.
The committee, chaired by BJP MP Meenakshi Lekhi, is inspecting the Private Information Safety Invoice, 2019.
The Private Information Safety Invoice was launched in Lok Sabha by Minister of Electronics and Data Know-how Ravi Shankar Prasad on December 11, 2019. The invoice seeks to supply for defense of non-public information of people and institution of an information safety authority for a similar.
The invoice was later referred to a joint choose committee of each Homes of Parliament. The proposed regulation seeks bar on storing and processing of non-public information by entities with out the specific consent of a person. PTI