Explainer: Why RBI barred Mastercard from issuing new cards

The Reserve Bank of India (RBI) has barred Mastercard Asia Pacific from onboarding new credit, debit and prepaid card customers with effect from July 22 as it failed to comply with data storage norms.

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Jul 15, 2021 - 17:17
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Explainer: Why RBI barred Mastercard from issuing new cards
The Reserve Bank of India (RBI) has barred Mastercard Asia Pacific from onboarding new credit, debit and prepaid card customers with effect from July 22 as it failed to comply with data storage norms.