Parliamentary committee asked questions from Paytm about Chinese investment, ordered customers’ data in the country

New Delhi The popular digital wallet app Paytm is now under some questions. Due to which he recently had to appear before the Parliamentary Joint Committee of the country. The Joint Committee of Parliament called the representatives of Paytm and questioned them about the investment of Chinese companies in the company. Committee members also tried to find out how much Chinese investment in the company’s digital payment service?

The committee of Parliament also told the representatives of Paytm that the server which has the data of customers, should be stored in India itself. The report said that high officials of Paytm appeared before the Joint Committee of Parliament considering the Personal Data Protection Bill and gave their suggestions on several important aspects including data management regarding the proposed legislation.

The matter of storing data in the country

After the questions asked from the Parliamentary Committee from Paytm, the members of the committee were also asked why the server on which the customer data is kept, is abroad while the company claims that its data is in the Indian unit. Does. According to the report, the committee told the representatives of Paytm that they should store customer data in the country itself. 

Questions were also raised about the potential dispute of interest from Paytm that Paytm sells its products on its e-commerce platform. In its presentation before the panel, Paytm stated that sensitive and personal data can be transferred outside India for the purpose of processing when explicit consent is given by the ‘data principal’ for such transfer.

The report states that Facebook, Twitter and Amazon have already been removed from the panel, while telecom operators Reliance Jio and Airtel and representatives of cab aggregators Ola and Uber have been asked to appear before it. The committee headed by BJP MP Meenakshi Lekhi is examining the Personal Data Protection Bill, 2019.