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India bans Mastercard from adding new customers over data storage breach

July 16th, 2021
Categories: News

Link: https://www.rt.com/business/529255-india-ban-mastercard-data-breach/

Reserve Bank of India (RBI) banned US financial services company Mastercard Inc from issuing new credit and debit cards to Indian customers for violation of data storage rules. Mastercard violated country’s data storage law,, bans foreign card networks from keeping Indian payments data outside India. .All card networks operating in the country to store transaction data “only in India” and let authorities have “unfettered supervisory access..”Mastercard said it was “disappointed

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