• Mastercard submits new audit to India's central bank to lift ban on card issuance - report

    1 month ago - By RT

    One of the world's leading financial services, Mastercard, has submitted a new audit report to the Reserve Bank of India , as the company seeks to overturn the latest ban on card issuance in the country.
    The ban announced by the regulator earlier this month came amid concerns over the US credit card company's handling of data processed abroad. The company had reportedly breached the 2018 law banning financial service firms from storing payments data on Indian customers outside of the country.
    The RBI introduced the penalties, saying that a “system audit report” submitted by Mastercard's...
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