Technology

Investors in India's Paytm have no access to payments bank data, CEO says

Investors in India's Paytm have no access to payments bank data, CEO says

Investors in India's Paytm do not have access to customer data of its payments bank, CEO Vijay Shekhar Sharma told Reuters in an interview on Monday, seeking to allay concerns over reports of user data being leaked to Chinese firms. Paytm is backed by China's Alibaba Group Holding and its affiliate Ant Group. The Reserve Bank of India last week barred Paytm Payments Bank from taking on new customers and ordered a comprehensive audit of its IT systems.

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