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India to take a bold move by handing data to the people

January 14, 2020

India to take a bold move by handing data to the people

India, one of the most populated country, has more than 500 million internet users. 

India’s upmost banks considering the massive generation of data by daily users has decided to launch a system where users can have access to huge amounts of their financial data and can even share immediately. This approach is backed by the Reserve Bank of India.

This initiative aims at handling the control of data to consumers and associates with the open banking movement with Australia and Europe.

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