Mastercard Banned From Issuing New Cards in India
The Reserve Bank of India (RBI) has banned Mastercard Inc (NYSE:MA) to issue new debit, credit, and prepaid cards to customers, over allegations of breaching the country’s data storage rules. [soros] Q2 2021 hedge fund letters, conferences and more A Mandate From 2018As of Thursday, the company won’t be able to take new clients for an undisclosed period, as the announcement did not specify how long the prohibition would last. On Wednesday, the RBI released a statement declaring that the central bank “had been given considerable time and adequate opportunities” to Mastercard to comply with a ma...