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India: RBI investigation into Mastercard Asia / Pacific over alleged non-compliance with data localisation requirements

Progress

Current status
revoked
16 Jun 2022 revoked
22 Jul 2021 in force
14 Jul 2021 under investigation

Scope

Implementers
India
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

16 Jun 2022
revoked

Announced lifting of restrictions imposed on Mastercard Asia / Pacific for compliance with data localisation requirements

On 16 June 2022, the Reserve Bank of India (RBI) lifted the restrictions imposed on Mastercard Asia / Pacific, following the company's compliance with the localisation requirement for payment system data. On 14 July 2021, the RBI issued an order fo…

Source
Event type investigation
Action type termination
Government branch executive
Government body central bank
22 Jul 2021
in force

Implemented RBI ruling in investigation into Mastercard Asia / Pacific over compliance with data localisation requirements

On 22 July 2021, the Reserve Bank of India (RBI) implemented its restrictions on Mastercard Asia / Pacific, forbidding it from onboarding new domestic customers on its card network. The company has been found non-compliant with the directive on the …

Source
Event type investigation
Action type ruling
Government branch executive
Government body central bank
14 Jul 2021
under investigation

Issued RBI interim ruling in investigation into Mastercard Asia / Pacific over compliance with data localisation requirements

On 14 July 2021, the Reserve Bank of India (RBI) adopted restrictions on Mastercard Asia / Pacific, forbidding it from onboarding new domestic customers on its card network from 22 July 2021. The company has been found non-compliant with the directi…

Source
Event type investigation
Action type interim ruling
Government branch executive
Government body central bank