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Amazon’s plan to offer UPI payment service hits data localisation hurdle, says report
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Amazon’s plan to offer UPI payment service hits data localisation hurdle, says report
Aug 6, 2018 12:54 AM

E-commerce giant Amazon’s plan to offer UPI payment service in India has faced a hurdle, reported The Economic Times.

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Amazon's plan has got stuck due to concerns around the storage of data within India, the report said citing bankers close to the development.

The online retail giant is the second US tech firm, after Facebook-owned messaging app WhatsApp, whose plan to offer Unified Payments Interface (UPI)-based service has been delayed, the report said.

The key concern for these firms is whether they will be allowed to keep a copy of their data outside India even after the localization of data comes in to effect, the report said.

While no comments came from the part of Amazon, the report claimed that it is taking considerable steps aimed at setting up a payment system. The company has roped in Axis Bank to start issuing UPI handles to users of Amazon Pay, according to the report.

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