Bigger India
Mastercard Says Will Start Deleting Data of Indian Cardholders From Global Servers; Warns of Impact
Mastercard said all new Indian transaction data is being stored at its technology centre in Pune as of October 6, as required by the RBI directive on data localisation.
Global card payments major Mastercard has proposed to the Reserve Bank a “certain” date from which it will start deleting data of Indian cardholders from global servers but warned that it would also mean weakening of “safety and security” over a period of time.