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India stalls Alipay+ payments link over security and data concerns, Reuters reports

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.

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1 Source, 27d ago, first seen 27d ago

TLDR

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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1 Source, first seen 27d ago

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1 Source, first seen 27d ago

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1 Source

@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
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    1 Source

    @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
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