India has released a draft e-wallet policy, with the aim of regulating digital payments. However, some tech giants like Google have expressed their concerns regarding the proposed policy, which may impact the functioning of services provided by these companies.
The policy, announced by the National Payments Corporation of India (NPCI), outlines various aspects such as licensing requirements, security measures, and data protection regulations for e-wallet operators in the country.
Although details about specific provisions are yet to be revealed, industry experts believe that this move is a step towards strengthening the digital payment ecosystem in India.
The NPCI, which has been regulating digital payments since 2012, claims that the policy will ensure the secure and transparent management of transactions, thereby increasing consumer trust.
However, some tech companies have expressed apprehensions about the draft policy. Google reportedly sent a letter to the Reserve Bank of India (RBI) expressing its concerns regarding certain provisions in the policy.
The RBI has stated that it will consider all feedback from stakeholders before finalizing the e-wallet policy.
Source: https://www.timesofisrael.com/liveblog_entry/houthis-take-responsibility-for-ballistic-missile-attack-targeting-israel