RBI lifts restrictions on Mastercard
NEW DELHI: The Reserve Bank of India (RBI) on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms. The central bank had barred the US-based payment gateway from onboarding new customers until it complies with Storage of Payment System Data norms. “In view of […]
Mastercard will delete Indian cardholders’ data from servers; warns of impact
NEW DELHI: Global card payments major Mastercard has proposed to the Reserve Bank a “certain” date from which it will start deleting data of Indian cardholders from global servers but warned that it would also mean weakening of “safety and security” over a period of time. In an interaction with PTI, Porush Singh, India and […]
Mastercard, Mahendra Singh Dhoni team up to accelerate digital payments in India
NEW DELHI: Cricketer Mahendra Singh Dhoni (MSD) has joined Mastercard’s ongoing efforts to build a Less-Cash India. Under this partnership, MSD, along with Mastercard will build awareness about digital payments through a Cash-to-Digital campaign. The campaign will aim to educate consumers and merchants about the convenience, wide acceptance, and safety and security features of debit […]