The National Payments Corporation of India (NPCI), along with digital payment platforms such as Google Pay, PhonePe and Amazon Pay have reportedly sought exemption from Digital Personal Data Protection (DPDP) Act provisions that require user consent for each transaction.
The companies in their submissions to the Ministry of Electronics and Information Technology (MeitY) said that the mandate will also be applicable on recurring payments and will lead to a rise in cost and complexity, according to an ET report, citing sources close to the matter.
The issue will be more pronounced in the case of smaller companies and startups, they said.
After much anticipation, MeitY released the draft rules for DPDP on January 3 and invited suggestions from the public till February 8. Later, the deadline was extended to March 5.
As per the DPDP draft rules, data fiduciaries will need to give necessary details and seek consent from users before processing their personal data.
Data fiduciaries are the entities which regulate how personal data is processed. With this, the users will have the power to revoke their consent and in case of any violation, they can file a complaint with the Data Protection Board of India.
(The story will be updated soon)
The post NPCI, Digital Payment Platforms Seek Exemption From DPDP Act Provisions appeared first on Inc42 Media.
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