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    Paytm says Google Pay's privacy policy potentially risking India's security: report

    Paytm says Google Pay's privacy policy potentially risking India's security: report

    Paytm says Google Pay's privacy policy potentially risking India's security: report
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    By CNBC-TV18  IST (Published)

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    Paytm has written to the National Payments Corporation of India (NPCI) saying that Google Pay’s privacy policy has scope of violating user privacy and potentially risking the security of the country, The Times of India reported.

    Paytm has written to the National Payments Corporation of India (NPCI) saying that Google Pay’s privacy policy has scope of violating user privacy and potentially risking the security of the country, The Times of India reported.
    In a letter to NPCI’s head Dilip Bose, Paytm wrote "Google Pay shares user data within group companies and third party platforms in India and abroad, which can be risky given that Google Pay is an unregulated payments platform and stores data outside the country," the TOI reported.
    Google Pay, which uses United Payments Interface (UPI) platform, recently completed one year of operations and has claimed that it does not use any individual transaction data for monetisation purpose such as advertisements and operates within the law of the land, the report said.
    Previously, Paytm had complained against WhatsApp’s payments platform, saying that WhatsApp was given an unfair advantage on the peer-to-peer payments platform, the report said.
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