Mastercard submits new audit to Reserve Bank of India after ban over data handling

After being banned by the RBI from issuing new cards, US-based payments technology major Mastercard on Friday said it has submitted an audit report to the regulator showing compliance with the local data storage norms. The Reserve Bank had on July 14 put an indefinite ban on Mastercard from issuing new credit, debit, and prepaid cards. The ban came into effect on July 22.

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