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Why RBI Restrained Mastercard From Issuing New Cards In India?

With effect from July 22, the Reserve Bank of India (RBI) has barred Mastercard Asia Pacific from onboarding new credit, debit and prepaid card customers. The decision was taken owing to the company’s failure to comply with data storage norms.

#RBI #Mastercard #ModiGovt #DataStorage #ReserveBankofIndia #MastercardAsiaPacific #DebitCards #CreditCards

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