Fresh card issuance by five private banks to be impacted due to ban on Mastercard by RBI: Report

However, the RBI’s directions will not impact existing customers of Mastercard. As many as five private sector banks, including Axis Bank, Yes Bank, and IndusInd Bank, are to be impacted by the Reserve Bank of India’s decision to ban Mastercard from issuing new cards for not complying with local data storage guidelines, according to a… Continue reading Fresh card issuance by five private banks to be impacted due to ban on Mastercard by RBI: Report

Fresh card issuance by five private banks to be impacted due to ban on Mastercard by RBI: Report

However, the RBI’s directions will not impact existing customers of Mastercard. As many as five private sector banks, including Axis Bank, Yes Bank, and IndusInd Bank, are to be impacted by the Reserve Bank of India’s decision to ban Mastercard from issuing new cards for not complying with local data storage guidelines, according to a… Continue reading Fresh card issuance by five private banks to be impacted due to ban on Mastercard by RBI: Report