NEW DELHI – With the Reserve Bank of India barring Mastercard from onboarding new customers in India, and restrictions already in place for Diners and American Express, it is Visa which seems to be in ...
India’s credit card spending remained in double digits in November despite post-festive moderation, driven by rising card ...
Cards are also being used more frequently for smaller-ticket payments, aided by wider acceptance and UPI-linked credit, ...
Mastercard has become the third major payment system operator to face restrictions over non-compliance with RBI's direction on Storage of Payment System Data. The Reserve Bank of India (RBI) on ...
Citing non-compliance with the storage of payments data, the Reserve Bank of India (RBI) has restricted Mastercard from acquiring new domestic customers onto its card network from July 22, 2021.
The RBI imposed the ban after deciding a "system audit report" submitted by Mastercard's auditor Deloitte in April was unsatisfactory Mastercard was banned from issuing new cards on July 14 (effective ...
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RBI’s New Credit Card Rules Offer Relief from Late Fees: Here’s How Cardholders Will Benefit
The Reserve Bank of India (RBI) has introduced new guidelines that bring much-needed relief for millions of credit card users across the country. Starting 2025, cardholders will now enjoy a minimum ...
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