Paytm Accuses Google Pay of Sharing Payment Data With Third Parties

Non satisfied with going after WhatsApp Payments, Paytm has at present launched a fresh attack on Google Pay in India. Contempo reports suggest that Paytm has at present approached the National Payments Corporation of Republic of india, challenge that Google Pay is disregarding user and data privacy in its payments service.

Every bit reported by ET, Paytm has written to the NPCI, raising concerns about Google sharing payments data with affiliate companies and tertiary-political party developers.

Google Pay

According to Paytm'southward letter to NPCI main executive Dilip Asbe, "Google Pay, which is an unregulated platform, has the telescopic of using their customers' data for their monetary gains with complete disregard for the users' need for privacy." The letter goes on to state that Google is existence allowed to share data with group companies and other third-party entities outside Bharat, while the country is framing its data protection laws. "Recently, WhatsApp was directed to cease sharing users' data with its parent company, Facebook. In light of this, information technology is disconcerting that Google Pay is sharing its users' critical personal data with Google, group companies, payment participants."

Nonetheless, in a response to ET, Google has stated that it does not share any of the UPI data. Co-ordinate to Google, the company makes employ of a common Google Account that allows for checks and controls required for managing risk, fraud, spam and for enhancing security measures, that are applied across Google products. "It runs as a common thread across Google products allowing for seamlessness of service that a user can avail of and do good from. Google does non use whatsoever private UPI transactions data for any monetization purpose east.thou. for advertisements."

This calendar month, Google said it would comply with India's information storage regulation but sought more than time to enable this.