RBI restricts Mastercard from onboarding new customers in India

The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard 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.The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard 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.Read More

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