74 spam Facebook groups have been discovered, that were involved in trading of stolen bank/ credit card information, account credentials, email spamming tools and services, with names such as ‘Spam Professional’ and ‘Hacker Professional.’

The company did not dispute the fine, saying "Mastercard sees the closure of this anti-trust chapter as an important milestone for the company."

Confederation of All India Traders (CAIT) secretary general Praveen Khandelwal said the government needs to encourage use of debit and credit cards.