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Festive season shopping to be affected for Visa, Mastercard cardholders

As per the latest directive by Reserve bank of India (RBI, the deadline to comply with storing of data relating to payment systems within India to expire on October 15. More than 15 payment firms including Visa and Mastercard will also fall in line if these norms are not followed. But, these directives are still not followed and if RBI do not make any changes in these rules then buyers may face difficulties during this festive season.

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