Mastercard welcomes opportunity to resume card issuance in India: Proud to contribute to government’s Digital India vision

June 17, 2022 | India

We welcome and are grateful for today’s decision by the Reserve Bank of India (RBI), enabling us to resume onboarding of new domestic customers (debit, credit and prepaid) onto our card network in the country, with immediate effect. As we have in our engagement with the RBI, we reaffirm our commitment to support the digital needs of India, its people and its businesses. We are glad we have met this milestone and will continue to ensure ongoing delivery against the goals and regulatory requirements that have been established.

India is an important market for us, both in terms of the innovation created here and the value we deliver to our customers and partners. We take great pride in being able to contribute to the government’s vision of a Digital India and will continue to invest in the country’s future with the same passion and dedication as we always have. We would also like to take the opportunity to thank our customers and partners for their continued support during this period.

Media Contacts

Stephanie Mazinyi, Golin
+852 2501 7901 | smazinyi@golin.com
Tarun Nagrani, Mastercard
+91 (99) 53324517 | tarun.nagrani@mastercard.com
Sarah Guldin, Mastercard
+65 6390 6199 | Sarah.Guldin@mastercard.com

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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