Parliamentary panel questions Paytm about Chinese investment, storing of data in servers abroad

In this news, we discuss the Parliamentary panel questions Paytm about Chinese investment, storing of data in servers abroad.

A parliamentary panel on Thursday asked Paytm representatives about the amount of Chinese investment in the company and told them that the servers on which customer data is stored should be in India. Senior Paytm officials appeared before Parliament’s Joint Committee on the Personal Data Protection Bill and submitted their suggestions on key aspects of the proposed legislation such as data handling and overseas transfer. sensitive personal, sources said.

Panel members from different political parties asked Paytm why the server where its customers’ data is collected and stored is overseas while it claims to be an Indian company, sources say. Panel members told Paytm representatives that the server where customer data is stored should be based in India, sources said, adding that they also wanted to know the amount of Chinese investment in the digital payment service and details of its “backend links”. .

Questions have also been raised about the possible conflict of interest given that Paytm also sells its own products on its e-commerce platform, they said. In its submission to the panel, Paytm stated that sensitive and personal data may be transferred outside India for processing where explicit consent is given by the “originator” for such transfer.

Facebook, Twitter and Amazon testified before the panel, while representatives of telecom operators Reliance Jio and Airtel and cabin aggregators Ola and Uber were invited to appear before it. The committee, chaired by MP BJP Meenakshi Lekhi, examines the Personal Data Protection Bill, 2019.

Personal Data Protection Bill was presented to Lok Sabha by the Minister of Electronics and Information Technology Ravi Shankar Prasad on December 11, 2019. The bill aims to ensure the protection of personal data of individuals and the creation of a data protection authority for this purpose. The bill was then referred to a joint select committee of both houses of Parliament. The bill aims to prevent the storage and processing of personal data by entities without the explicit consent of an individual.

News Highlights:

  • Senior Paytm officials appeared before Parliament’s Joint Committee on the Personal Data Protection Bill and submitted their suggestions on key aspects of the proposed legislation such as data management and overseas transfer. sensitive personal, sources said. Panel members from different political parties asked Paytm why the server where its customers’ data is collected and stored is overseas while it claims to be an Indian company, sources say.
  • Parliamentary panel asks Paytm about Chinese investment and data storage on servers abroad
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