Mastercard submits new audit to India after ban over data handling


Mastercard has submitted a new audit report to India's central bank, it told Reuters, as it seeks to overturn a ban on card issuance linked to concerns over the U.S. giant's handling of data processed abroad. The Reserve Bank of India (RBI) on July 14 sent panic-waves through Indian banking partners by announcing a ban, effective from July 22, to prevent the U.

S. giant from issuing new cards. It cited non-compliance with 2018 rules that required it to store payments data only in India. The RBI imposed the ban after deciding.

This article is no longer available in our repository.

There could be multiple reasons for this.