RBI lifted the restrictions on Mastercard..!!!

The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI) has removed its ban in the country after almost a year, giving a big relief to America's payment technology company Mastercard. Now the central bank has removed all the restrictions imposed on Mastercard. Apart from this, RBI has also allowed Mastercard to add new customers to its network.

 

There is a ban for the last almost a year

On July 14, the RBI had indefinitely banned MasterCard from issuing new credit, debit and prepaid cards for non-compliance with local data storage norms.


New customers can also join

The central bank had banned MasterCard from adding new domestic customers to its card network with effect from July 22, 2021. Let us tell you that under the rules of data localization, the company needs to keep the data of indian customers in the country itself. The central bank had banned the issuance of new cards on MasterCard for defying the rules of RBI.

Mastercard was banned in india for almost a year. This limitation MasterCard (mastercard) was associated with accomplishing business. RBI-The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india has said that MasterCard has complied with the required parameters.

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