Reserved Bank of India banned Mastercard from issuing new cards from July 22
In July 2021, Mastercard Asia / Pacific Pte Ltd (Mastercard) have been barred from issuing new credit, debit and prepaid cards with effect from July 22 due to the failure of complaining about its data storage norms. The central bank said in a comment, “The Reserve Bank of India (RBI) has today imposed restrictions on Mastercard…
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