Mastercard says will delete data of Indian cardholders from global servers

The company said it has asked the Reserve Bank of India a “certain” date from which it will start deleting the data.

American multinational financial services corporation Mastercard has said it will start deleting data of Indian cardholders from global servers.
 
The company said it has asked the Reserve Bank of India a “certain” date from which it will start deleting the data.
 
“The proposal we have given (to RBI) is that we will delete it (data) from everywhere else, whether it is the card number, transaction details. The data will only be stored in India ... we will start deleting that...,” Porush Singh was quoted as saying, in an exclusive interview with PTI.
 
It, however, warned that the deletion would also mean weakening of “safety and security” over a period of time.
 
In an interaction with PTI, Porush Singh, India and Division President, South Asia, MasterCard, said the company is operating in over 200 countries, and nowhere else it has been asked to delete data from global servers.
 
The Reserve Bank of India has promulagated a new rule requiring payments companies to store all information about transactions involving Indians solely on computers in the country. 
 
The new regulation was issued in April this year, which came into effect on October 16. 
 
As per Mastercard, beginning October 6 it has started storing all new Indian data at its technology centre in Pune.
 
“No other country in the world has asked us the data to be deleted from the global server and the reason why it is a concern for us because that would be weakening of the safety, security over a period of time,” Singh was quoted as saying.
 
Source: PTI, Businessline
 

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