◐ Press reported
Sectoral Regulators
Mastercard — Reserve Bank of India
Data localisation non-compliance · 2021-07-14
Key facts
- Entity
- Mastercard
- Authority
- Reserve Bank of India
- Date
- 2021-07-14
- Sector
- Fintech
- Legal provision
- RBI Storage of Payment System Data (2018)
- Penalty
- Business restriction
- Outcome
- Business Ban / Restriction
- Violation
- Data localisation non-compliance
What happened
The RBI barred Mastercard from onboarding new domestic customers for failing to comply with the 2018 payment-data localisation directive. The ban was lifted in June 2022 after compliance.
Sources & provenance
Reported by named news sources. No primary document has been attached to this entry yet.
Related enforcement actions
← All enforcement actions
Record ID: IND-RBI-001 · updated 2026-09-20