Reserve Bank of India (RBI) bans Mastercard for violating central bank's norms

Zee Business Video Team | Updated: July 15, 2021 08:54 PM IST

The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic customers on its network from July 22, 2021. According to RBI, the action has been taken against Mastercard for violating the central bank's norms on storage of payment systems data.



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