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Leaked emails reveal US government irked by RBI for its ban on Mastercard: Report

The ban on Mastercard was imposed due to its non-compliance with the latest RBI guidelines despite several extensions.

credit card, mastercard

The RBI's ban on Mastercard issuing new cards was termed as “draconian” in private emails by a senior U.S. trade official, according to a Reuters report. The move may cause panic in the markets, revealed the U.S. government emails accessed by Reuters.  Brendan A. Lynch, the deputy assistant U.S. trade representative for South and Central Asia at the Office of the United…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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