Business & Finance

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

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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