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Daily Archives: June 16, 2022

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RBI takes away restrictions imposed on Master Card

Reserve Bank Functions and newsBy Surendra NaikJune 16, 2022

RBI on Thursday lifted the restrictions imposed on Mastercard Asia / Pacific Pte. Ltd, vide order dated July 14, 2021, from immediate effect. Last year on July 14, 2021, the regulator imposed restrictions on Mastercard from onboarding new domestic customers including debit, credit, or prepaid onto its card network for non-compliance with the RBI circular…

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