It is time for the Indian government to get tough with global card payments major MasterCard. The company has proposed to the Reserve Bank of India (RBI) a 'certain’ date from which it will start deleting data of Indian cardholders from global servers. In doling out such threats, MasterCard is carrying on its fight for opposing data localisation - by other means. RBI’s regulations in April 2018 require companies to store information about transactions by Indian users on servers within the country. In other words, the central bank wants global card companies like MasterCard to store information related to Indian card bearers on transactions within the country.

Source: dna December 18, 2018 01:30 UTC