The row even appeared between the heightened debate about the privacy of the users on how technology firms treat the data in India as well as in abroad. India has been developing a new data protection law which can force the companies to change the way of transferring and storing the customer data.
“These changes are done from time to time and are based on product features and development,” a Google spokesman said. The chief of NPCI, Dilip Asbe that oversees the payments services in India declined the above comment and the Paytm that is backed by the Alibaba of China and Softbank of Japan too declined the comments.
The letter from Paytm to NPCI signifies that the competition in India’s digital payments market is increasing day by day and is also expected to grow the five-fold to $1 trillion by the end of 2023.
Paytm has also gained the traction in India after the Prime Minister Narendra Modi had made a ban on the high value notes in the year 2016 of November thereby boosting the digital payments. It even has 95 million active monthly users when compared to the Google Pay’s 22 million.