India bans Mastercard from adding new customers over data storage breach ...News

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India bans Mastercard from adding new customers over data storage breach
source : Russia Today ( News ) () 38
The Reserve Bank of India (RBI) has banned US financial services company Mastercard Inc from issuing new credit and debit cards to Indian customers for violation of data storage rules. The RBI said Mastercard had violated the country’s data storage law, which bans foreign card networks from keeping Indian payments data outside India. “Notwithstanding the lapse of considerable time and adequate opportunities being given, [Mastercard] has been found to be non-compliant with the directions,” the regulator said in a statement on Wednesday. Also on rt.com Indian crypto exchanges

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