Mastercard barred from adding new customers in India
Mumbai, July 14 The RBI on Wednesday barred Mastercard from onboarding new credit, debit and prepaid card customers with effect from July 22. The action will not impact existing customers of Mastercard, the RBI said. Taking action against Mastercard, the...
Updated At : 01:24 PM Jul 15, 2021 IST
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Mumbai, July 14
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The RBI on Wednesday barred Mastercard from onboarding new credit, debit and prepaid card customers with effect from July 22. The action will not impact existing customers of Mastercard, the RBI said.
Taking action against Mastercard, the RBI said, “notwithstanding lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data”. — PTI
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