The Reserve Bank of India (RBI) on July 14 sent panic-waves through Indian banking partners by announcing a ban, effective from July 22, to prevent the U.S. giant from issuing new cards. It cited non-compliance with 2018 rules that required it to store payments data only in India.source https://economictimes.indiatimes.com/industry/banking/finance/mastercard-submits-new-audit-to-india-after-ban-over-data-handling/articleshow/84891886.cms
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