The decision follows satisfactory compliance on rules regarding storage of payment system data.
The RBI imposed the curbs in July 2021 after saying Mastercard had not met data storage rules requiring foreign card networks to store domestic payments data only in India for the regulator to have ‘unfettered supervisory access’.
The global payments processor has invested USD 2 billion in India since 2014 to build technology centres and support innovation in digital payments.
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