Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Mastercard cops a ban in India’s Reserve Bank

Published

on

India’s central bank has barred Mastercard indefinitely from issuing new bank cards to domestic customers

The Reserve Bank of India has accused Mastercard of violating data storage laws within the nation.

India’s Reserve Bank stated that Mastercard had not complied with rules requiring foreign card networks to store data on Indian payments exclusively in India.

There has been no response from the Mastercard

Under new rules, Mastercard will be prohibited from issuing debit, credit, or prepaid cards to customers in India from 22 July.

The Reserve Bank’s decision will not have any impact on Mastercard’s existing customers, who are those that use a Mastercard branded banking card.

The central bank said the payments service provider had violated a 2018 order directing payments data to be stored in India. This would allow the regulator “unfettered supervisory access” to payment details.

Last year, Mastercard accounted for 33% of all card payments in India.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

Six strategies to build a six-figure property portfolio

Published

on

Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

Continue Reading

Money

Experts reveal how to spot investment-grade properties

Published

on

Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

Continue Reading

Money

Tricks of the trade: how to navigate market volatility with confidence

Published

on

Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

Continue Reading

Trending Now