Friday August 17, 2018
Home Business Paytm Refutes...

Paytm Refutes Reports of Sharing Indian Users’ Data With Third Parties

Paytm reiterated that their policy allows only legally compliant data requests from the "law of the land" to get access to data for necessary investigations

0
//
27
"Our team has been building automated products that make the saving experience relatable and delightful by helping users reach their goals in clever little ways," Balance Tech CEO and Co-Founder Ankit Kumar said in a statement.
Republish
Reprint

Digital wallet payment company Paytm on Saturday refuted media reports that it has shared user data to third parties, saying that the data of its 300 million registered users is safe in India.

“There is a video going around on social media and it falsely claims that we shared some data with 3rd parties. Nothing can be further from the truth,” the company wrote in a blog post.

“We never share your data with anyone: any company/ any government or any country. At Paytm, your data is yours. Not ours, or of a third party, or of the government.”

Paytm reiterated that their policy allows only legally compliant data requests from the “law of the land” to get access to data for necessary investigations.

Also Read: GoDaddy Launches Next Generation ‘Virtual Private Server’

“You can be sure that no data is shared with anyone whom you would not have given us permission to share it with. This is the holy grail of trust between us.

“Any person claiming otherwise is not aware of the policy and is not authorised to speak on behalf of the company,” the company said. (IANS)

Click here for reuse options!
Copyright 2018 NewsGram

Next Story

Paytm Acquires Smart Savings Start Up Balance Tech

Designed to build saving habits for users, the Balance app offers saving options in mutual funds that could get users interest rates of up to 8.65 per cent per annum.

0
"Our team has been building automated products that make the saving experience relatable and delightful by helping users reach their goals in clever little ways," Balance Tech CEO and Co-Founder Ankit Kumar said in a statement.

Digital payments major Paytm on Thursday announced the acquisition of Bengaluru-based smart-savings management start-up Balance Tech for an undisclosed amount.

Designed to build saving habits for users, the Balance app offers saving options in mutual funds that could get users interest rates of up to 8.65 per cent per annum.

“Our team has been building automated products that make the saving experience relatable and delightful by helping users reach their goals in clever little ways,” Balance Tech CEO and Co-Founder Ankit Kumar said in a statement.

 the Balance Tech team will be an invaluable part of this journey," said Madhur Deora, Chief Financial Officer and Senior Vice President at Paytm. Flickr
the Balance Tech team will be an invaluable part of this journey,” said Madhur Deora, Chief Financial Officer and Senior Vice President at Paytm. Flickr

“Our conversational personal savings assistant nudges users to build a saving habit, and give purpose to their money as they go about their busy lives.

“We look forward to bringing in computational intelligence, unique design and proprietary algorithms with Balance to help Paytm users accomplish more with their money,” Kumar added.

The six-member Balance Tech team has joined Paytm product and design team and is working on further enhancing Paytm’s user/merchant interfaces, the SoftBank and Alibaba-backed Paytm said.

Also Read: Paytm Refutes Reports of Sharing Indian Users’ Data With Third Parties

“They have created a fantastic product with real user engagement. As we constantly look to create customised and intuitive user experiences, the Balance Tech team will be an invaluable part of this journey,” said Madhur Deora, Chief Financial Officer and Senior Vice President at Paytm. (IANS)

Next Story