NPCI, Digital Payment Platforms Seek Exemption From DPDP Act Provisions

NPCI, Google Pay, PhonePe and Amazon Pay have reportedly sought exemption from DPDP Act provisions, requiring user consent for transactions

The companies submitted in writing to MeitY that the mandate would be applicable on recurring payments, leading to a rise in costs and complexity

As per the DPDP draft rules, data fiduciaries will need to give necessary details and seek user consent before processing their personal data