RBI action on Mastercard again shows why it is urgent to have an omnibus data protection law

Source: TOI Synopsis: Mastercard Asia has been ordered by RBI to refrain from taking on new customers as it failed to fulfil its obligations under the local data storage rules. Also Read: Mastercard can’t issue new cards from July 22: RBI Issues involved Impact on the payments market: India’s retail payments landscape has transitioned to contactless… Continue reading RBI action on Mastercard again shows why it is urgent to have an omnibus data protection law