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General Discussions on MasterCard
- Thread starter Goldy359
- Start date
- Replies 110
- Views 9K
Krish
TF Select
There’s different charges for each card
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Krish
TF Select
Platinum debit card has domestic airport lounge access too!
You missed @TechnoFino
Also @anirbanm should have been awarded with another Feather which is "Technofino community search expert:.
Anywhere anybody has said something even 3 month ago, he knows it.
Batmanbaba
TF Legend
Gold one costs 175 plus gst.... Global rupay or visa costs 125 plus gst
BankExpertIndia
TF Premier
Yesterday My Father Received The MasterCard Debit Card
New or renewal bro and do share some pics 👀
Batmanbaba
TF Legend
Renewal is not banned... Master card is banned from issuing new cards....
Haan yes even I have seen some youtube videos of master card credit card upgrades to a new master card different varient.
BankExpertIndia
TF Premier
But I Have Seen Many People Are Getting Visa Varient After Renewal
Batmanbaba
TF Legend
THATS BECAUSE maybe.....visa is giving more incentives...tapping in this situation to banks if they reissue master cards with visa ones.....they are predating on a weak master card..as rupay is surging day by day....
Nice. Waiting for Amex & probably LTF offers! 😋😁
https://techcrunch.com/2022/06/16/india-lifts-ban-on-mastercard/
India has lifted restrictions on Mastercard after the payments giant demonstrated “satisfactory compliance” with the South Asian market’s local data storage rules, the central bank said on Thursday.
In a series of moves last year, the Reserve Bank of India indefinitely barred Mastercard, American Express and Diners Club from issuing new debit, credit or prepaid cards to customers over noncompliance with local data storage rules (PDF). The business restrictions on American Express and Diners Club remain in place in the country, though they are permitted to continue to serve their existing customer base.
“In view of the satisfactory compliance demonstrated by Mastercard Asia / Pacific Pte. Ltd. with the Reserve Bank of India (RBI) circular dated April 6, 2018 on Storage of Payment System Data, the restrictions imposed, vide order dated July 14, 2021, on on-boarding of new domestic customers have been lifted with immediate effect,” the RBI said in a statement on Thursday.
Unveiled in 2018, the local data-storage rules require payments firms to store all Indian transaction data within servers in the country. Visa, Mastercard and several other firms, as well as the U.S. government, previously requested New Delhi to reconsider its rules, which they argued were designed to allow the regulator “unfettered supervisory access.”
Mastercard has identified India as a key growth market and has invested over $2 billion in the country over the past decade.
India has lifted restrictions on Mastercard after the payments giant demonstrated “satisfactory compliance” with the South Asian market’s local data storage rules, the central bank said on Thursday.
In a series of moves last year, the Reserve Bank of India indefinitely barred Mastercard, American Express and Diners Club from issuing new debit, credit or prepaid cards to customers over noncompliance with local data storage rules (PDF). The business restrictions on American Express and Diners Club remain in place in the country, though they are permitted to continue to serve their existing customer base.
“In view of the satisfactory compliance demonstrated by Mastercard Asia / Pacific Pte. Ltd. with the Reserve Bank of India (RBI) circular dated April 6, 2018 on Storage of Payment System Data, the restrictions imposed, vide order dated July 14, 2021, on on-boarding of new domestic customers have been lifted with immediate effect,” the RBI said in a statement on Thursday.
Unveiled in 2018, the local data-storage rules require payments firms to store all Indian transaction data within servers in the country. Visa, Mastercard and several other firms, as well as the U.S. government, previously requested New Delhi to reconsider its rules, which they argued were designed to allow the regulator “unfettered supervisory access.”
Mastercard has identified India as a key growth market and has invested over $2 billion in the country over the past decade.
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