REUTERS/Eduard Korniyenko (RUSSIA - Tags: BUSINESS LOGO) - RTR4LASE
The Reserve Bank of India (RBI) order barring Mastercard from issuing any new credit cards or debit cards in India from July 22 would not have come as a huge surprise to the global payments giant. The Indian central bank had announced the digital data storage norms for all transactions pertaining to cards issued in the country as far back as April 2018. Global payments majors had lobbied since that time to loosen some of the norms, but the...