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Home » RBI bars Mastercard from adding new clients

Published On : Wed, Jul 14th, 2021

By Nagpur Today

RBI bars Mastercard from adding new clients

The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic debit, credit or prepaid card customers on its network from July 22, 2021 onwards. The action has been against the payment system operator for violating the central bank’s norms on storage of payment systems data.