The RBI on Wednesday, July 14, barred Mastercard from onboarding new credit, debit and prepaid card customers with effect from July 22. The action will not impact existing customers of Mastercard, the RBI said. Taking action against Mastercard, the RBI said, “notwithstanding lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data”.
Related Articles
Indian Americans
British-Indian Meera Syal to be awarded BAFTA TV fellowship
LONDON (TIP): Award-winning British-Indian playwright and actor Meera Syal will be presented with a BAFTA (British Academy of Film and Television Arts) fellowship, the highest accolade bestowed upon an individual in recognition of an outstanding […]
United States
Indian-Americans reach out to lawmakers over increasing Hinduphobia in US
Elected representatives say there is a need to pay attention to discrimination against the Hindus in the US WASHINGTON, D.C. (TIP): A group of eminent Indian-Americans has urged lawmakers here to take steps against rising […]
Asia
UAE to roll over $2 bn loan: Pak PM office
Islamabad (TIP): The United Arab Emirates (UAE) on January 12 agreed to extend an existing loan of $2 billion and provide an additional loan of $1 billion to help cash-strapped Pakistan tackle its economic woes, […]

1 Trackback / Pingback