Economy

India bans Mastercard from issuing new cards in data storage row

KATHMANDU: The Reserve Bank of India (RBI) on Wednesday indefinitely barred Mastercard Inc (MA.N) from issuing new debit or credit cards to domestic customers for violating data storage rules, dealing a blow to the U.S. company in a key market. In a notification, the RBI said Mastercard had not complied...

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