Study by Mastercard Economics Institute said business boomed most on 3 match days: India vs Pakistan, India vs England and final match between India and Australia.
Access over data does not depend on local storage but on the ability of nations to access data through legal instruments and cooperation. But the ban may impact consumers and investor sentiments.
Foreign card payment network companies that fail to meet data localisation norms cannot register new customers or issue new cards in India. ThePrint explains.
Globally, e-commerce & payment firms are in the crosshairs of regulatory action. As governments insist on local storage, burden of compliance falls disproportionately on international firms.
The RBI had asked payment firms to ensure their data is stored exclusively on local servers, making it one of the few countries with the strictest data localisation rules.
The deal which has not been previously reported could raise broader privacy concerns about how much consumer data technology companies like Google quietly absorb.
The participation of middle powers in platforms such as the G20, ASEAN, AUKUS dialogues, and regional security forums positions them as brokers between competing interests.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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