Reuters exclusively reports U.S. trade official called India’s Mastercard ban ‘draconian’

Last Updated on 06/10/2021 by

Business & Finance

Reuters reported exclusively that a senior U.S. trade official privately criticized India’s July decision to ban Mastercard Inc from issuing new cards, calling it a “draconian” move that caused “panic.” U.S. government emails seen by Reuters showed frustration within the U.S. government after India’s central bank banned new card issuance by American Express and Diners Club International in April, then took similar action against it in July.  

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceEquitiesGovernment & Public Services

Regions: AmericasAsia

Countries: IndiaUS

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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