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News & Media

Visa CEO: Data localisation not necessarily the best answer

March 11, 2022
visa-kDUE-621x414@LiveMint_1647019063058.webp

Visa chief executive Alfred F Kelly Jr believes RBI’s mandate on data localisation is not the best solution for addressing concerns related to information security. The CEO was talking about RBI’s circular “Storage of Payment System Data” at a Global Summit on Friday. However, he made it clear that the company believes in compliance with local laws.

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