Aadhaar / UPI / RuPay - News and Discussions

[RISING SUN]

The information is irrelevant there.

The point I am making is you can fake data on FB, but with a payments bank they ask for Aadhaar, you can't fake that. Let's talk again about this after social media starts asking for govt IDs before setting up accounts.



They have a new policy of using OTP instead of the old password. OTP can easily be stolen from a message reader from your phone that can be installed maliciously. So there's no longer any real security.

As for Visa and Mastercard themselves, I trust them since they are all protected by the US govt. If they screw up, they can get bailed out. And they have much more strict procedures. For example, if there's fraudulent transaction, they can easily reverse it with just one phone call, so there's safety there. But the data itself is held by local banks.

Take Paytm for example. What will happen to the information they carry if they become bankrupt? If data is located in a foreign server, they can easily sell it to someone else for profit. Who will stop them? The Indian govt? Nope, they don't have any jurisdiction outside the country.

Do you really want companies like Alibaba and Xiaomi to hold your data in a server in China?

I don't want my Aadhaar data saved in China. Nor do I want other card details there. All they need is a malware on my phone that reads OTP and they can take all my money without my knowledge. What's the guarantee Xiaomi phones in India can't read messages without permission when needed?

US or China, no country should have the control over the personal confidential information of Indian citizens.

 

[randomradio]

US or China, no country should have the control over the personal confidential information of Indian citizens.

We are now in a position to dictate this stuff to foreign companies, so we should.

With stuff like credit cards, we can easily dispute questionable transactions. But that's very difficult with all these new payment firms.

 

[Aravind]

US or China, no country should have the control over the personal confidential information of Indian citizens.

You are wrong,
China denied permission to Google,Youtube and facebook other Social media sites and E-Businesses after they refused to store the information of Chinese users in Mainland China.
When China is so protective about its information, why shouldn't we be? What should we get a stepmom's treatment?

 

[Aravind]

We are now in a position to dictate this stuff to foreign companies, so we should.

With stuff like credit cards, we can easily dispute questionable transactions. But that's very difficult with all these new payment firms.

Agree, the Global giants like Visa, Mastercard were fuming that Present Indian Govt. was promoting RUPAY more over western card companies and payments. That is the reason all these CEO's met with PM Modi when he toured West.

 

[RISING SUN]

We are now in a position to dictate this stuff to foreign companies, so we should.

With stuff like credit cards, we can easily dispute questionable transactions. But that's very difficult with all these new payment firms.

No, we shouldn't dictate things as it leads to cross-selling. RBI is resolutely pushing for localization of Indian citizens information within Indian geographical borders, so that india's law apply over the unwanted action or transaction. No long rope to visa & master card as ultimately their servers come under US laws(and some report to Japan as well.)

 

[RISING SUN]

You are wrong,
China denied permission to Google,Youtube and facebook other Social media sites and E-Businesses after they refused to store the information of Chinese users in Mainland China.
When China is so protective about its information, why shouldn't we be? What should we get a stepmom's treatment?

Comprehension issues? Read my post again.

 

[RISING SUN]

Agree, the Global giants like Visa, Mastercard were fuming that Present Indian Govt. was promoting RUPAY more over western card companies and payments. That is the reason all these CEO's met with PM Modi when he toured West.

RUPAY is a like a kid which needs to be protected at this stage. By having numbers doesn't mean the have the experience of handling them, they need the local expertise which they can poach from Visa and Master Card.

 

[RISING SUN]

NPCI has miles to go before it gets to know how best way to avoid punches thrown at it.

 

[Aravind]

Comprehension issues? Read my post again.

Bro, if china can BAN WEBSITES as per its diction?
Let me tell you a case " I play Eve Online" a Space RTS game. The game company CCP Wanted a single server for whole world, but China wanted another server or which server was China specific and where its information was stored in China, Ultimately, that game Eve Online (Which contributed 1% GDP to ICELAND's GDP) GAVE CHINA a separate Server and infrastructure! I was part of Pan Indian Gaming orgs, we don't get this because our GOVT. is slow!
I am a gamer!

 

[Aravind]

I would make a Game, but i want the feasibility if it selling, just for free, lets just say. Anybody tell me , i want to create somewhat a bit mix between Red Alert 2 and Civilization 6

 

[Aravind]

RUPAY is a like a kid which needs to be protected at this stage. By having numbers doesn't mean the have the experience of handling them, they need the local expertise which they can poach from Visa and Master Card.

Brother, RUPAY is a kid, but there was never a kid in our magnitude and backing by a specific Govt, Can you take care of your family members?

 

[RISING SUN]

Bro, if china can BAN WEBSITES as per its diction?
Let me tell you a case " I play Eve Online" a Space RTS game. The game company CCP Wanted a single server for whole world, but China wanted another server or which server was China specific and where its information was stored in China, Ultimately, that game Eve Online (Which contributed 1% GDP to ICELAND's GDP) GAVE CHINA a separate Server and infrastructure! I was part of Pan Indian Gaming orgs, we don't get this because our GOVT. is slow!
I am a gamer!

You need to read my post again, mate. You are reading something else post.
You have quated my post with this.
"US or China, no country should have the control over the personal confidential information of Indian citizens."
And replied with this.
"
You are wrong,
China denied permission to Google,Youtube and facebook other Social media sites and E-Businesses after they refused to store the information of Chinese users in Mainland China.
When China is so protective about its information, why shouldn't we be? What should we get a stepmom's treatment?"
I have said India should enforce storage of India right here. And you are saying "wrong, why should India get stepmom's treatment" this doesn't make any sense.

 

[RISING SUN]

Brother, RUPAY is a kid, but there was never a kid in our magnitude and backing by a specific Govt, Can you take care of your family members?

Yes I can & I am taking care of my "family members" who are 70k Indian citizens. And those aren't just numbers/day, that's the diversity I get to analyze everyday.

 

[Aravind]

You need to read my post again, mate. You are reading something else post.
You have quated my post with this.
"US or China, no country should have the control over the personal confidential information of Indian citizens."
And replied with this.
"
You are wrong,
China denied permission to Google,Youtube and facebook other Social media sites and E-Businesses after they refused to store the information of Chinese users in Mainland China.
When China is so protective about its information, why shouldn't we be? What should we get a stepmom's treatment?"
I have said India should enforce storage of India right here. And you are saying "wrong, why should India get stepmom's treatment" this doesn't make any sense.

Sorry bro, i got you wrong! Namaskaram!

 

[randomradio]

No, we shouldn't dictate things as it leads to cross-selling. RBI is resolutely pushing for localization of Indian citizens information within Indian geographical borders, so that india's law apply over the unwanted action or transaction. No long rope to visa & master card as ultimately their servers come under US laws(and some report to Japan as well.)

We are talking about payment firms like Paytm and PhonePe. Visa/Mastercard etc, we gotta slowly whittle them out using our own payment systems.

 

[RISING SUN]

We are talking about payment firms like Paytm and PhonePe. Visa/Mastercard etc, we gotta slowly whittle them out using our own payment systems.

As I said, there is no reason for them to force our data outside our borders, if they find it economical, they can store other countries data here(which they will never do as it's not about economics).

 

[randomradio]

As I said, there is no reason for them to force our data outside our borders, if they find it economical, they can store other countries data here(which they will never do as it's not about economics).

That's where this comes in.

I wonder which payment firms want to store my data outside the country, I won't touch those companies with a barge pole.

 

[RISING SUN]

That's where this comes in.

Why segregating payment companies from Visa Master Card? All should store data here, what's the difficulty in that except investment in physical infrastructure.

 

[randomradio]

Why segregating payment companies from Visa Master Card? All should store data here, what's the difficulty in that except investment in physical infrastructure.

We are not capable of influencing the big card companies at our current economic level. But we are capable of influencing the smaller wallet companies though, especially since this domain is highly competitive.

When it comes to Visa/Mastercard, we should be replacing them with Rupay in time. Only the fear of competition will bring these large card companies in.

 

[Aravind]

Why segregating payment companies from Visa Master Card? All should store data here, what's the difficulty in that except investment in physical infrastructure.

Start small first, when you can convince smaller companies to store their information here, then medium sized companies would also shift and those who shift their data to India should be promoted by Govt. You give incentives for shifting their base.This will in turn put pressure on large companies like Visa and Mastercard and they would oblige to our requests.