Future Of Master Card and Amex in India
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Its Almost 10 Month and there are no sing when Master and Amex will comply to the new guidelines by RBI, and start their services back in India , Diners which is very small compared to Amex and Mastercard resolved the issue within 6 Months and is back is bussiness already.
What could be the stopping factor for Amex and Mastercard.
Please share your thoughts.
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Rupay is only going to win because severe misuse of offers on visa/mastercard/amex will eventually result in scrapping of all such offers leaving no difference between them & rupay cards with occasional good offers while rupay cards always being cheaper due to their local nature.
For amex Indian mkt is negligible compared to their US mkt so they won’t be doing anything “too expensive” to comply with new RBI rules. For mastercard, I guess that depends on how much they were actually earning from Indian mkt & whether their company policy allows them to comply with such rules. Diners was able to do it exactly because they are quite small so not much expenses.
Isn’t recently FM met mastercard people during her US visit? I’m expecting the ban to go away soon, may in a month or two.
Quoting my own post 
Now ban lifted..
Amex is making major upgrades to their Reward Points system right now. Could be a step towards compliance.
Mastercard won’t be unbanned anytime soon.
Rbi wants data to be stored in India servers.
Mastercard is not agreeing. They feel cybersecirity laws in India aren’t safe enough.
Same is the case with American express.
i dont know but indian market have become strange and now foreign corp wanna stay foereign while local is overhyped
Ex vodafone :- 2g 3g 4g
Mastercard :- i remmeber i was booking air india ticket and none card was working , mastercard worked why ? Coz they had some gateway in australia while indian gateway of visa rupay had “server issue”
this again repeated in south india while i was paying hotel bill on pos machine , mastercard works where other card gave issue but i am talking this like 10 year back tech have immproved in the course
I have mastercard debit card with lounge access and i like it for offers and mastercard lounges
Yes rupay is local but wait and see when it become for profit org
lol, all card payment proceed by banks.
Server issue on your bank servers. 😀
In rare cases card server networks goes down.
what if they invest in complying and still lose to rupay…..
& other reason is this guy don’t want them here @abhishek012