Open questions in law, policy and regulation of digital payments
summary
Maps of every payment create a data trail that raises three concrete problems: unwitting disclosure by intermediaries, whether people have a right to keep financial transactions private, and use of payment data for credit scoring that can entrench discrimination. Current law is patchy — Information Technology Act 2000 labels bank details as SPD but transaction logs fall into a gap, credit bureaus are regulated while new scorers using alternative data are not, and banks have no automatic liability though RBI’s draft caps customer loss if reported within five days.
AI-written summary · about
chapters (8)
- 0:00Digital payments introduction
- 3:57Privacy risks in payments
- 7:05IT Act legal framework
- 10:55Fraud liability risks
- 12:00Exclusion risks for users
- 17:02Dispute resolution gaps
- 22:05Consumer rights needs
- 23:50Q&A on data misuse
related talks
01h 23mPrivacy and competition in the digital economy.
23mIs the open banking ‘good as is’, or does it need further rules and standards?
26mFinancial Privacy & Blockchain Regulation
22mDigital Personal Data Protection Bill 2022
39mHot Legal Issues
05mCrypto Policy and Human Rights
01h 31mKeynote & Session 4
23mData use models and data protection