India’s RBI says foreign firms can process abroad, but must store data in India
Foreign payment firms such as
Mastercard and Visa can process transactions made
in India outside of the country but the related data should be
brought back for local storage within 24 hours, the Reserve Bank
of India (RBI) said on Wednesday.
Mastercard and Visa can process transactions made
in India outside of the country but the related data should be
brought back for local storage within 24 hours, the Reserve Bank
of India (RBI) said on Wednesday.
Posted by Reuters
