The privacy guidelines of Indian consumer apps such as Flipkart and Paytm do not provide the same range of user rights and information ownership as witnessed in worldwide guidelines. This might alter as the Srikrishna Committee is in the concluding phases of summarizing the information protection bill, which will deal with a series of problems such as data localization, consent, purpose restrictions, ownership, and many more.
“I believe in India privacy policies require to be a lot more detailed and descriptive,” claimed chief executive of payments company PhonePe, Sameer Nigam, to the media in an interview. “I think every firm must do so and will ultimately be needed to do so.”
Speaking of PhonePe, the company recently joined hands with Ola to roll out the “industry-first” AutoPay function. The incorporation with ride-sharing company will permit PhonePe consumers to pay for their mobility requirements.