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RBI MASTERCARD BAN
RBI lifts business restrictions imposed on American ExpressLast year, the RBI had barred three US-based card networks - MasterCard, American Express and Diners Club International - from issuing new ...- RBI lifts business restrictions on MastercardRBI had imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. from on-boarding new domestic customers (debit, credit or prepaid) onto...
- RBI directs Paytm Payments Bank to stop onboarding new customersPaytm Payments Bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system.
- RBI lifts biz sanctions imposed on Diners Club“In view of the satisfactory compliance demonstrated by Diners Club International Ltd. with the Reserve Bank of India (RBI) circular dated ...
- US trade official called India's Mastercard ban 'draconian'RBI ban on Mastercard - a top payment network in India alongside Visa - triggered a flurry of emails between US officials in Washington and...
- Actions against HDFC Bank, Mastercard driven by keenness to ensure compliance of norms: Shaktikanta Das"All our actions are an outcome of our keenness and our responsibility to ensure that regulatory guidelines are complied," Das told reporte...
- Mastercard ban: RBI seeks action plan from banksThe Reserve Bank of India has also reached out to various lenders on the problems being faced by the broader banking system after it barred...
- ‘Mastercard’s dual record maintenance led to RBI ban’Mastercard is said to have failed to erase the Indian leg of the transaction data from overseas servers within 24 hours as mandated by the ...
- RBI's Mastercard ban likely to create monopoly in credit card market in IndiaWhile homegrown platforms are expected to gain modestly, Visa's superior reward offerings to merchants and the government's zero Merchant D...
- RBI’s Mastercard ban may hit Citibank India’s retail business saleWhile the ban does not impact existing customers and businesses, it will impact addition of new clients between now and the actual sale and...
- Ban on Mastercard may see a huge chunk of new business going to VisaWhile homegrown platforms are expected to gain modestly, Visa’s superior reward offerings to merchants and the government’s zero Merchant D...
- RBI-Mastercard faceoff: How things came to this pass, and what nowThe need for independent, domestic payment networks cannot be overestimated. Russia’s experience in 2014, when both Mastercard and Visa vir...
- Failover mechanism protects us from MasterCard ban: HDFC Bank MD Sashidhar Jagdishan“MasterCard is a significant franchise partner for the bank, but the good part is like in most of our businesses we patronise on open archi...
- Fresh card issuance by 5 private banks to be impacted due to ban on Mastercard by RBI: ReportBesides these five banks, Bajaj Finserve and SBI Card may face problems as they were also issuing cards of this payment gateway. So, in all...
- Will Mastercard's loss benefit Visa and homegrown RuPay?While RBL Bank signed up with Visa as recently as last week, a Yes Bank spokesperson said the bank is evaluating migrating to other platfor...
- India's ban on Mastercard to hit banks' card operations, income: SourcesThough existing customers will not be hit, business impact will be significant as banks need to sign new commercial deals with rival networ...
- Decoded: How RBI's latest ban on Mastercard affects youThe RBI said that the restrictions have been imposed as in spite of lapse of considerable time and adequate opportunities being given, the ...
- RBL Bank's credit card issuance rate to be impacted post RBI's Mastercard ban"Our bank's current run rate of approximately 1,00,000 new credit card issuances per month could potentially be impacted till such time tha...
- Buying bitcoin? SBI Card may soon ban customers from purchasing cryptocurrenciesThe RBI has been periodically issuing notifications cautioning various stakeholders regarding the risks of virtual currencies.
- RuPay card usage jumps 118 per cent in 1st week of demonetisationAccording to RBI data, the usage of RuPay card at POS terminals soared by as much as 200.6 per cent to 46.6 lakh transactions during Novemb...
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