Firms should've servers only in India before launch: Paytm
Paytm COO Kiran Vasireddy has said, "No one should be allowed to commercially launch service unless their systems are clearly...only in India." He emphasised data localisation is critical for the security of India's payments systems. Earlier, Paytm CEO Vijay Shekhar Sharma, while talking about WhatsApp's payments feature, said, "We are opening our banking system to the biggest of possible fraud."