The updated privacy policy states that users’ UPI Transaction Data will not be used for any monetisation purpose by any entity other than Google.

Google Pay updates its privacy policy following Paytms complaint to NPCI
Atom Tech Shorts Saturday, September 22, 2018 - 20:36
Written by  S. Mahadevan

Google appears to have lost no time in reacting to the issue of data privacy raised by its rival in the digital payments space, Paytm. Paytm, earlier this week, made a written complaint to the National Payment Corporation of India claiming Google had the liberty to share their customers’ persona data with third parties.

When the issue was posed to Google the company had responded by saying they have no such plans and that whatever data is captured won’t be shared with any third parties and definitely there will be no attempt to make money using this information.

Now within hours of this happening, Google has quickly moved in and made changes to its privacy policy on the Google Pay platform, reports Economic Times. Here is how the new clause reads after it was updated:

“Your UPI Transaction Data will not be used for any monetisation purpose (eg. for advertisements) by any entity other than Google”. The further explanation to this is that even if there are third party entities involved in the loop, who may have access to the data, it is purely for the purpose of making the transaction processes smooth and nothing else.

The portion appearing earlier and now removed from the page relates to the mention of using personal information for promotional purposes. There were also a couple of lines on sending information about products and services of third parties as well as Google’s own group companies. Now these lines stand deleted from the Privacy Policy.

This action of Google may be interpreted in two ways; one way is to say there did exist a ground for Paytm to have registered its complaint which now has been rectified by Google by deleting the offending lines and replacing it with a more acceptable policy. The other way is to say Google is sensitive to data privacy and took the right step in making the changes it did. Experts are of the opinion that such participation of third parties in online transactions is not unreasonable and is an accepted practice so long as the objective remains to smoothen the transactions and the information is not commercially exploited in any manner.

Also read: Paytm raises concerns over Google sharing payment data with third-party users

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