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Tag: India bans Mastercard from adding new customers

India bans Mastercard from issuing new cards from July 22, 2021

India bans Mastercard issuing new cards from July 22, 2021

Mastercard will be prohibited from issuing debit, credit, or prepaid cards to customers in India from 22 July 2021 (22.07.2021). The reason behind this action is the bank said Mastercard had not complied with rules requiring foreign card networks to store data on Indian payments exclusively in India. Mastercard is the second-largest credit card issuer …

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