{"id":22591,"date":"2021-07-15T13:52:34","date_gmt":"2021-07-15T08:22:34","guid":{"rendered":"https:\/\/plyinsight.com\/?p=22591"},"modified":"2021-07-20T12:05:03","modified_gmt":"2021-07-20T06:35:03","slug":"mastercard-cant-onboard-new-customers-rbi","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/mastercard-cant-onboard-new-customers-rbi\/","title":{"rendered":"MasterCard can\u2019t onboard new customers: RBI"},"content":{"rendered":"<p>The Reserve Bank\u00a0 of India (RBI) on Wednesday barred global card player MasterCard Asia\/pacific pte ltd from on boarding new domestic customers on its network from July 22 over non-compliance with local data storage guidelines. That makes MasterCard the third entity to be varied on these grounds after the RBI had in April told American Express and Diners Club International to not get new domestic customers.<\/p>\n<p><strong>The entity (MasterCard) has been found to be non-compliant with the directions on storage of payment system data, notwithstanding the lapse of considerable time and adequate opportunities given, a statement issued by the RBI said on Wednesday.<\/strong><\/p>\n<p>The central bank has clarified that the ban is only on adding new domestic customers to its network and that there will be no impact on the existing customers. It has also asked all banks and non-bank lenders working with MasterCard for issuance of debit, credit, or prepaid cards to adhere to the RBI regulations on storage of payment system data.<\/p>\n<p>\u201cthe supervisory action has been taken in exercise of powers vested in the RBI under section 17 of the payment and settlement systems Act, 2007 (PSS Act),\u201d the central bank said.<\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: center;\"><span style=\"color: #333399;\"><strong>\u092e\u093e\u0938\u094d\u091f\u0930 \u0915\u093e\u0930\u094d\u0921 \u0915\u094b \u0928\u090f \u0917\u094d\u0930\u093e\u0939\u0915 \u091c\u094b\u0921\u093c\u0928\u0947 \u0938\u0947 \u0930\u094b\u0915\u093e <\/strong><\/span><\/h2>\n<p style=\"text-align: left;\"><strong>\u0932\u093f\u092e\u093f\u091f\u0947\u0921 \u0915\u094b \u092d\u093e\u0930\u0924 \u092e\u0947\u0902 \u0928\u090f \u0917\u094d\u0930\u093e\u0939\u0915 \u091c\u094b\u0921\u093c\u0928\u0947 \u0938\u0947 \u0930\u094b\u0915 \u0926\u093f\u092f\u093e 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srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Tajpuria.png 814w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Tajpuria-300x172.png 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Tajpuria-768x440.png 768w\" sizes=\"auto, (max-width: 107px) 100vw, 107px\" \/>\u00a0 <img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17660\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Trikalp-Laminates.png\" alt=\"Trikalp Laminates\" width=\"65\" height=\"62\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Trikalp-Laminates.png 512w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Trikalp-Laminates-300x286.png 300w\" sizes=\"auto, (max-width: 65px) 100vw, 65px\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank\u00a0 of India (RBI) on Wednesday barred global card player MasterCard Asia\/pacific pte ltd from on boarding new domestic customers on its network from July 22 over non-compliance with local data storage guidelines. That makes MasterCard the third entity to be varied on these grounds after the RBI had in April told American [&hellip;]<\/p>","protected":false},"author":1,"featured_media":22592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1317],"tags":[1316,1314,1315,1170,1143,99],"class_list":["post-22591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news-july-2021","tag-customers","tag-mastercard","tag-onboard","tag-banks","tag-india","tag-rbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MasterCard can\u2019t onboard new customers: RBI - PLY INSIGHT<\/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:\/\/plyinsight.com\/hi\/mastercard-cant-onboard-new-customers-rbi\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MasterCard can\u2019t onboard new customers: RBI - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank\u00a0 of India (RBI) on Wednesday barred global card player MasterCard Asia\/pacific pte ltd from on boarding new domestic customers on its network from July 22 over non-compliance with local data storage guidelines. 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