Three sources familiar with the discussions told Reuters that the proposed cross-border payments link has stalled over national security concerns and questions about customer data storage and use.
Reuters, citing three sources familiar with the discussions, reports that Alipay+'s proposal to connect with India's instant payments system for cross-border transactions has stalled. The sources pointed to national security concerns in New Delhi and questions about how customer data would be stored and used.
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Three sources familiar with the discussions told Reuters that the proposed cross-border payments link has stalled over national security concerns and questions about customer data storage and use.
Reuters, citing three sources familiar with the discussions, reports that Alipay+'s proposal to connect with India's instant payments system for cross-border transactions has stalled. The sources pointed to national security concerns in New Delhi and questions about how customer data would be stored and used.
Quartz@qzIndia stalls Alipay+ payments link over security and data concerns: India has effectively blocked a proposal by Alipay+, operated by Singapore-based Ant International, to link with India's Unified Payments Interface for cross-border transactions, citing… https://dlvr.it/TVJyjT
Quartz@qzIndia stalls Alipay+ payments link over security and data concerns: India has effectively blocked a proposal by Alipay+, operated by Singapore-based Ant International, to link with India's Unified Payments Interface for cross-border transactions, citing… https://dlvr.it/TVJyjT