Explained | Why has the RBI barred Mastercard from issuing new cards in India?
What is the RBI’s data localisation policy? What is the need for local data storage? The story so far: The Reserve Bank of India (RBI) on Wednesday banned Mastercard from issuing new debit and credit cards to customers in India with effect from July 22. According to the RBI, the U.S. card-issuer has failed to … Read more