Data privacy should not be compromised in using fintech: Nirmala Sitharaman
The Hindu
Finance Minister Nirmala Sitharaman said the value of digital transactions in India jumped to ₹6 lakh crore in January-August 2021 from ₹4 lakh crore in 2020
Finance Minister Nirmala Sitharaman on Tuesday said there should be no compromise on data privacy and safeguard of client data with an increasing number of Indians now using digital mode of payment.
Addressing the fintech industry, the Minister said the value of digital transactions jumped to ₹6 lakh crore in January-August 2021 from ₹4 lakh crore and ₹2 lakh crore in 2020 and 2019, respectively.
"Data privacy is one of the things which is very important and it is an issue on which there can be a lot of contentious views. However, basic respect for privacy...as the guiding principle is well appreciated.
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