Credit Cards - RBI Imposes Restrictions On Mastercard Asia Pacific: ICICI Securities
A Mastercard Inc. credit card is arranged for a photograph in Tiskilwa, Illinois, U.S. (Photographer: Daniel Acker/Bloomberg)

Credit Cards - RBI Imposes Restrictions On Mastercard Asia Pacific: ICICI Securities

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ICICI Securities Report

The Reserve Bank of India imposed restrictions on Mastercard Asia Pacific Pte. Ltd. from onboarding new domestic customers (debit, credit or prepaid) to its card network from July 22, 2021.

The order will not impact existing customers of Mastercard.

We have outlined three data sets in this report:

1. recent regulatory restrictions on various players in the credit card space. Such restrictions even on a temporary basis will help improve market share for respective unaffected incumbents.

2. the payment network tie-ups of various credit card issuing companies. Issuers with exclusive tie-up with Mastercard will have to create tie-ups with other payment networks now in order to issue new cards.

3. the list of important co-branded credit cards split between the corresponding issuer, branding partner and payment network.

Click on the attachment to read the full report:

ICICI Securities Credit Cards Sector Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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