A parliamentary panel on Thursday questioned Paytm representatives about the quantum of Chinese investment in the company and told them that the servers on which customer data is stored should be in India.
Top officials of Paytm appeared before the Joint Committee of Parliament on the Personal Data Protection Bill, and submitted their suggestions on key aspects of the proposed legislation such as management and transfer abroad of sensitive personal data, sources said. Members of the panel from different political parties asked Paytm why the server on which data of its customers is collected and stored is abroad when it claims to be an Indian firm, sources said. The panel members told Paytm representatives that the server on which customer data is stored should be based in India, sources said, adding that they also wanted to know about the quantum of Chinese investments in the digital payment service and specifics about its "backend linkages".