India orders Visa & Mastercard to store payments data in country only from now on

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India orders Visa & Mastercard to store payments data in country only from now on

Posted by The Analyst | June 29, 2019 | Business
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Payment companies like Visa and Mastercard can process transactions made in India outside of the country, but the related data must be returned for local storage within 24 hours, the Reserve Bank of India (RBI) said Wednesday.

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