Mastercard ban: RBL Bank restarts credit card issuances with rival Visa

RBI had banned Mastercard from issuing any new cards on July 14 this year for not complying with data localisation requirements. The move had hit a slew of lenders, including RBL Bank, which was fully dependent on the American payment company for its credit card business.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2XwFxL5