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Why are so many global payment behemoths fiercely lobbying against this mandate?

Data localisation is bound to make India’s digital payments ecosystem much more resilient to foreign attacks and global politics

The policy will allow for better regulatory oversight and plug business-jurisdiction related loopholes that some foreign companies have long exploited to evade paying fair taxes in India

Inundating users with multiple lengthy notices to gain their consent at each instance of the collection will likely lead to consent fatigue

Providing notices for devices that lack interactive user interfaces or display screens will prove to be a challenge

IoT developers in India will need to coordinate with the Data Protection Authority to develop practical guidelines to work around these issues

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