Data Privacy & Security Data Privacy & Security

Mastercard barred from adding new customers in India because of localization rule lapses

By Phoebe Seers
  • 15 Jul 2021 05:22
  • 15 Jul 2021 05:22
Mastercard has been barred from adding new customers in India over accusations it failed to comply with data storage rules.
The global payment system operator, which commands a considerable share of the Indian credit card and debit card markets, was said by India’s central bank to have breached rules introduced

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

Discover MLex

Stay on top of global regulatory developments

Latest News