TLI Explains: RBI Bans Mastercard, How Will This Impact Banks & Your Mastercard?
India | 19 July 2021 5:53 AM GMT
The Reserve Bank of India (RBI) has pressed restrictions on major payment services operators Mastercard Asia or Pacific Pte Limited from July 22 onwards. The operator will not be allowed to have onboarding of new domestic customers which include debit, credit, or prepaid cards. The Logical Indian’s Puran Choudhary brings you the story.