India: Issued RBI interim ruling in investigation into Mastercard Asia / Pacific over compliance with data localisation requirements
Description
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…
Scope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank
Complete timeline of this policy change
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2021-07-14
under investigation
2021-07-22
in force