The Reserve Bank of India (RBI) relaxed the limitations placed on Mastercard Asia/Pacific Pte Ltd on onboarding new domestic clients. For non-compliance with RBI standards for data storage in India, Mastercard has been barred from onboarding new domestic users (debit, credit, or prepaid) onto its card network as of July 22, 2021.

• The RBI had given Mastercard almost three years to comply with the regulatory directives, but it was unable to do so.
• All system providers were directed to ensure that the entire data (full end-to-end transaction details, information collected, carried, or processed as part of the message or payment instruction) relating to payment systems operated by them is stored in a system only in India by the RBI circular on Storage of Payment System Data dated April 6, 2018.