News RBI has zero info on payment ecosystem readiness for new card storage rules, RTI reveals In response to an RTI request, RBI said that is has no information pertaining to a number of important questions around its new card... Sarvesh MathiJune 28, 2022
News RBI extends deadline for card storage rules to September 30 RBI extended the deadline for merchants and payment aggregators to delete customer debit and credit card data by three months. Sarvesh MathiJune 27, 2022
News RBI bars prepaid wallets and cards from offering credit lines to customers Non-banks issuing prepaid payment instruments (PPIs) like wallets and prepaid cards cannot offer customers a credit line, RBI said. Sarvesh MathiJune 21, 2022
News RBI lifts restriction on Mastercard, allows banks to issue new cards on the network RBI allows Mastercard to on-board new customers, after the network showed compliance with data localisation norms. Sarvesh MathiJune 17, 2022
News Deep Dive: Why online debit and credit card transactions will start failing from July 1 Starting July 1, online merchants can't store credit and debit card details of customers. Here's how disruptive this is going to be. Sarvesh MathiJune 13, 2022
News RBI cancels registrations of five NBFCs for predatory lending practices This sends a strong message to others in the digital lending space. Sarvesh MathiMay 26, 2022
News Apple to stop accepting credit and debit cards in India Two new RBI regulations have resulted in this situation. Sarvesh MathiMay 19, 2022
News What’s new in RBI’s guidelines for credit cards and debit cards No unsolicited issuance of cards, recovery agents should not harass card holders, and card issuers should not share customer data without consent are some... Sarvesh MathiApril 25, 2022
News India’s data localisation norms and IT Rules are significant barriers to digital trade: US government Its trade report took aim at RBI's data localisation mandate for the second time in a row. Sarvesh MathiApril 11, 2022
News Amex pauses plan to share credit card data with NeSL after customers flag privacy concerns One such concern was the non-consensual sharing of personal credit card spending data with government agencies. Sarvesh MathiApril 4, 2022