January 16, 2021

Parliamentary panel questions Paytm about Chinese language funding, storing of knowledge in servers overseas

New Delhi, Oct 29 () A parliamentary panel on Thursday questioned Paytm representatives concerning the quantum of Chinese language funding within the firm and advised them that the servers on which buyer information is saved needs to be in India. Prime officers of Paytm appeared earlier than the Joint Committee of Parliament on the Private Knowledge Safety Invoice, and submitted their strategies on key elements of the proposed laws similar to administration and switch overseas of delicate private information, sources stated.

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 stated.

The panel members advised Paytm representatives that the server on which buyer information is saved needs to be based mostly in India, sources stated, including that additionally they needed to know concerning the quantum of Chinese language investments within the digital fee service and specifics about its “backend linkages”.

Questions had been additionally raised concerning the doable battle of curiosity contemplating that Paytm additionally sells its personal merchandise on its e-commerce platform, they stated.

In its submission earlier than the panel, Paytm stated delicate and private information could also be transferred outdoors India for the aim of processing when specific 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 look earlier than it.

The committee, chaired by BJP MP Meenakshi Lekhi, is inspecting the Private Knowledge Safety Invoice, 2019.

The Private Knowledge 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 offer for defense of private 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 private information by entities with out the express consent of a person. JTR SMN SMN