Global e-commerce company Amazon has started storing local payments data in its servers in India without making a copy of it in its overseas servers, according to a ToI report that cited anonymous sources.
The Reserve Bank of India (RBI) had issued an order in April this year with a mandate to all payments companies operating in the country to store data relating to their customers within India. The move is geared towards ensuring that user details remain secure against privacy breaches.
Payments companies had requested that they be allowed to store a copy of the data outside India as well. However, the RBI shot down their proposal.