Top Court To Hear Plea Seeking Regulation On UPI Platform Data On Monday
The matter came up for hearing before a Supreme Court bench comprising Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian which listed it for hearing next week.
New Delhi: The Supreme Court has said it would hear on November 23 the plea filed by Rajya Sabha MP Binoy Viswam seeking direction to the RBI for framing regulation to ensure that data collected on UPI platforms is not "exploited" or used in any manner other than for processing payments.
The matter came up for hearing before a bench comprising Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian which listed it for hearing next week.
On October 15, the top court had sought responses from the Centre, Reserve Bank of India (RBI), National Payments Corporation of India (NPCI) and others including Google Inc, Facebook Inc, WhatsApp and Amazon Inc on the plea.
Mr Viswam, the Communist Party of India (CPI) leader, has sought a direction to the RBI and the NPCI to ensure that data collected on Unified Payments Interface (UPI) platforms is not shared with their parent company or any other third party under any circumstances.
"In India, the UPI payments system is being regulated and supervised by Respondent no. 1 (RBI) and Respondent no. 2 (NPCI), however the RBI and the NPCI instead of fulfilling their statutory obligations and protecting and securing the sensitive data of users are compromising the interest of the Indian users by allowing the non-compliant foreign entities to operate its payment services in India," the plea has alleged.
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NDTV.com/ PTI, 20 November, 2020, https://www.ndtv.com/india-news/supreme-court-to-hear-plea-seeking-regulation-on-upi-platform-data-on-monday-2328000?fbclid=IwAR2-qya886fca38qnTSGK00BJBFnPUM3rPZZtmbk7vikzI_7uSKn1oME4fU
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