SC issues notice to SC and RBI on application for data protection in UPI transactions

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The application sought directions from the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) through Google, Amazon, Facebook and WhatsApp for payment services to follow the rules to prevent money laundering.

The Supreme Court (SC) has issued a notice to the Center and the Reserve Bank of India (RBI) seeking a response to a petition relating to data protection collected under the Unified Payment Interface (UPI) platform. It has filed a petition to protect the data collected and said it should not be given to third parties. Rajya Sabha MP Binoy Bishwam has filed a public interest litigation alleging that Google, Amazon, Facebook and WhatsApp are not following the operating payment system in India and are misusing data of Indian nationals by the corporation on the UPI platform. Going.

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The application sought directions from the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) through Google, Amazon, Facebook and WhatsApp for payment services to follow the rules to prevent money laundering. Bishwam asked how the RBI and NPCI could allow the payment services of these companies despite violating the UPI guidelines.

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The petitioner claims that the Reserve Bank of India and NPCI are required to protect the information of Indian citizens and, conversely, they are compromising in the public interest by allowing foreign companies to operate their payment services in India.

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