Big win for India! Credit card major Mastercard rushes to obey govt order; your data safe now, but Visa, American Express still defiant
Global card payments giant Mastercard is storing its new Indian transaction data locally, the company said on Tuesday, as it starts to comply with a regulatory directive which U.S. companies unsuccessfully lobbied hard to dilute.
Mastercard has started storing all its new payments transaction data in India at its technology centre in the western city of Pune. Image courtesy: Reuters