MasterCard unhappy with Indian central bank's data localisation directive.

M2 EQUITYBITES-November 2, 2018--MasterCard unhappy with Indian central bank's data localisation directive

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Global Banking News - 02 November 2018

Card firm MasterCard (NYSE: MA) has criticised the Indian central bank's data localisation directive.

The apex bank had asked firms to store data locally and MasterCard said that this would make the system inefficient in terms of providing safety, security and analytics to Indian banks and merchants.

According to the HinduBusinessLine, MasterCard CEO and president, Ajaypal Singh Banga, said, 'What we are referring to when we talk about our lack of...

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