Скачать или смотреть RBI bans Mastercard from issuing new cards from July 22 l Mastercard ban in India l MasterCard ban

RBI bans Mastercard from issuing new cards from July 22 l Reserve Bank of India l MasterCard

Flexing its muscles on the issue of data localisation, the Reserve Bank of India on Wednesday barred Mastercard from onboarding any new domestic customer from July 22. The directive bars the US-based network from issuing either prepaid, credit or debit cards to new customers under its network in India. The RBI said the order would not impact existing customers of Mastercard. Mastercard is the second-largest credit card issuer (after Visa) in India and the central bank’s tough stance could have implications on foreign relations. The RBI has been pushing all regulated entities to store data relating to Indian customers on Indian soil since April 2018.

#MasterCard #RBI #Reserve_Bank_of_India