PURCHASE, N.Y.—Mastercard has been ordered to stop taking new customers in India, as authorities there say the company has violated the country’s rules on how data should be stored.
The company has been banned from issuing new debit, credit or prepaid cards, according to the Reserve Bank of India. It did not stipulate how long the restrictions would last, CNN reported.
The central bank said that Mastercard had been given “considerable time and adequate opportunities” to comply with a mandate announced in 2018.
That measure requires all payment providers to store data on Indian users and transactions only on locally based servers. Companies were given six months to comply with the mandate at the time, CNN noted.