Google tweaks privacy policy for Indian payment app after Paytm complaint

Google tweaks privacy policy for Indian payment app after Paytm complaint In a letter to the National Payments Corporation of India (NPCI), dated Sept thirteen, Paytm complained that Google Pay's privateness policy amounted to "clean disregard for a purchaser's need for privacy". Google Pay's privateness coverage had stated it could "gather, keep, use and/or reveal" non-public records and "any communications made via Google Pay". A Reuters overview of Google's privateness coverage that become up to date on Thursday confirmed the organisation had dropped the word "divulge" from its privateness clause. Google advised Reuters in a statement that the modifications were made to make it simpler for clients to understand their monetisation and information utilization policy. It declined to comment on whether or not they have been made because of Paytm's letter or any subsequent conversation from the NPCI. Google Pixel three XL live pix leaked beforehand of October 9 launch "These changes are done once in a while and are based on product features and development," a Google spokesman stated. Dilip Asbe, the chief of the NPCI which oversees the bills services in India, declined to remark. Paytm, that is backed by way of China's Alibaba and Japan's SoftBank, also declined remark. Paytm's letter to NPCI shows the more and more fierce competition in India's virtual payments market, which is anticipated to grow 5-fold to $1 trillion through 2023. Other businesses vying for a bigger share of the market encompass PayPal and Facebook's Whatsapp. Paytm Mall looks to deepen partnerships in combat with Flipkart, Amazon Paytm won traction in India after Prime Minister Narendra Modi banned high-fee notes in November 2016, boosting virtual bills. It has 95 million energetic month-to-month users, in comparison to Google Pay's 22 million. Both apps offer fee offerings the use of NPCI's Unified Payments Interface (UPI) device that allows immediately money transfers and merchant payments. Google Pay's new privateness policy said that UPI transaction facts could be used for monetisation purposes most effective with the aid of the platform itself. But the company said it did no longer accomplish that now. Dailyhunt https://about.me/shiksa