{"id":48743,"date":"2022-06-16T20:33:33","date_gmt":"2022-06-16T15:03:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=48743"},"modified":"2022-06-16T20:33:40","modified_gmt":"2022-06-16T15:03:40","slug":"biz-rbi-mastercard","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-rbi-mastercard\/","title":{"rendered":"RBI lifts restrictions on Mastercard"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3054612687\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mumbai, Jun 16 (PTI) The RBI on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4186202004\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The central bank had barred the US-based payment gateway from onboarding new customers until it complies with Storage of Payment System Data norms.<\/p>\n<p>&#8220;In view of the satisfactory compliance demonstrated by Mastercard Asia \/ Pacific Pte. Ltd&#8230;on Storage of Payment System Data, the restrictions imposed&#8230;on on-boarding of new domestic customers have been lifted with immediate effect,&#8221; the RBI said in a statement.<\/p>\n<p>The RBI had barred Mastercard Asia \/ Pacific Pte from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021. PTI NKD ANZ NKD ABM ABM<\/p><div class=\"trade-content_5\" id=\"trade-4285775253\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-2207632263\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Jun 16 (PTI) The RBI on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms. The central bank had barred the US-based payment gateway from onboarding new customers until it complies with Storage of Payment System Data norms. &#8220;In view of the satisfactory [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":47406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<p> Mumbai, Jun 16 (PTI) The RBI on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms.<\/p><p> The central bank had barred the US-based payment gateway from onboarding new customers until it complies with Storage of Payment System Data norms.<\/p><p> \"In view of the satisfactory compliance demonstrated by Mastercard Asia \/ Pacific Pte. Ltd...on Storage of Payment System Data, the restrictions imposed...on on-boarding of new domestic customers have been lifted with immediate effect,\" the RBI said in a statement.<\/p><p> The RBI had barred Mastercard Asia \/ Pacific Pte from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021. PTI NKD ANZ  NKD ABM ABM<\/p>","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-48743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI lifts restrictions on Mastercard - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-rbi-mastercard\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI lifts restrictions on Mastercard\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Jun 16 (PTI) The RBI on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms. 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