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Data Localization – opportunity for Data Centre market



Data localisation is good for the country in terms of control of data and governance of these companies. Visa, being the dominant player in terms of credit cards and also RuPay got an advantage as others like Mastercard, American Express and Diners Club have been barred as of now. Larger banks already have at least two issuing partners on board but smaller banks with only Mastercard are now looking for alternatives. According to RBI data, there were 6.23 crore outstanding credit cards as of May 31, 2021, and 90.23 crore debit cards. The ban was a clearly thought out move which ensures that the RBI’s norms are taken seriously and complied with fully while ensuring that banks have enough partners to issue cards. Most of the banks which had exclusive partnerships with Mastercard confirmed that they are in the process of shifting their card network to the remaining two players — Visa and home-grown RuPay.

At the same time, the United Payments Interface (UPI) transactions offer customers cardless and cashless payment options through phone numbers and QR codes. A record 2.8 billion UPI transactions worth roughly 5.5 trillion rupees, or $73.8 billion, also took place last June.



The data localisation policy brings a dynamic shift for investment into data centre business in the country. India’s digital economy is expected to touch $1 trillion by 2025, with the government planning to triple India’s installed power capacity for data centres from the existing 375MW by 2025, there is a $4.9 billion investment opportunity by 2025 to set up data centre infrastructure. All the credit comes with the growing digital economy, increased investor interest and stable long-term returns. The era of automation and AI has shown that today’s dream can become tomorrow’s reality. The Data Centre industry is expanding at an unprecedented pace.