India lifts ban on Mastercard – TechCrunch
Last year, the Reserve Bank of India indefinitely barred Mastercard, American Express and Diners Club from issuing new debit, credit or prepaid cards.
Source: techcrunch.com
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RBI lifts restrictions on Mastercard over issuing new cards
RBI lifts restrictions on Mastercard over issuing new cards
Source: freepressjournal.in
RBI lifts restrictions on Mastercard, allows it onboard new customers
The RBI lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms.
Source: india.com
RBI Defers Its Plans To Distribute Licence For NUEs
The RBI has put a hold on its plans to allow private establishments to create digital payment platforms owing to data safety concerns
Source: inc42.com
RBI bars Mastercard from issuing new cards from July 22
RBI's supervisory action will not impact the services of the existing customers of Mastercard. Mastercard is a payment system operator authorised to operate a card network in the country under the Payment and Settlement Systems Act, 2007. System providers also required to report compliance to RBI. New Delhi: In a major supervisory action, the Reserve Bank on Wednesday indefinitely barred the US-based Mastercard from issuing new credit, debit and prepaid cards with effect from July 22 for its failure to comply with data storage norms. Mastercard, a major card issuing entity in the country...
Source: india.com