RBI restricts Mastercard Asia from onboarding new customers

The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard Asia for not adhering to its norms on storage of payment system data. As per directions, Mastercard cannot add new customers on its network from July 22.

RBI restricts Mastercard Asia from onboarding new customers
The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard Asia for not adhering to its norms on storage of payment system data. As per directions, Mastercard cannot add new customers on its network from July 22.