NEW DELHI: A senior US trade official privately criticised India's July decision to ban Mastercard from issuing new cards, calling it a"draconian" move that caused"panic", according to US government emails seen by Reuters.
The ban on Mastercard - a top payment network in India alongside Visa - triggered a flurry of emails between US officials in Washington and India as they discussed next steps with Mastercard, including approaching the RBI, the government emails show. Lynch, spokespeople for the Office of the US Trade Representative and the US Embassy in New Delhi did not respond to requests for comment. The US government has not publicly commented on the Mastercard ban.A Mastercard spokesman told Reuters,"We've had very constructive engagements with the Indian and US governments over the past few weeks and appreciate the support of both.
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