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  • REUTERS/Adnan Abidi/File Photo

    US Senators ask India's PM to rethink strict data localization plans

    by 
    Mariella Moon
    Mariella Moon
    10.14.2018

    Starting on October 15th, global payment giants such as Mastercard, Visa and AMEX would have to store transactions that occurred in India on servers physically located within the country. That's the deadline the Reserve Bank of India (RBI) gave them, and it had already informed the firms that they're not going to get an extension. Now, US Senators John Cornyn and Mark Warner have written a letter to India's Prime Minister Narendra Modi, urging the country to soften its stance on data localization. According to Reuters, the senators warned the Prime Minister that the directive would present "key trade barriers" between the two nations.