Mastercard complies, now storing payments data locally in India

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Mastercard complies, now storing payments data locally in India

Lobbying against regulatory directive falters.

Global card payments giant Mastercard is storing its new Indian transaction data locally, the company said on Tuesday, as it starts to comply with a regulatory directive which US companies unsuccessfully lobbied hard to dilute. The Indian central bank in April said companies such as ...

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finance india mastercard

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