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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

RBI lifts restrictions on Mastercard; allows it to onboard new customers in India

RBI Mastercard India Reserve Bank New Delhi

NEW DELHI: The Reserve Bank of India (RBI) on Thursday lifted restrictions on Mastercard Asia and allowed it to add new customers to its network.

In an order on July 14, 2021, the central bank had imposed restrictions on Mastercard Asia / Pacific Pte from on-boarding new domestic customers (debit, credit or prepaid) onto its card network for non-compliance with RBI's norms on storage of payment system data.

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