Heroku is closing accounts with Indian Credit Cards

At TeachEdison, We rely on Heroku for all our backend services and been using for the last 24 months. Today, we received the following email about termination of services to Indian Customers who are using Credit Cards issued by Indian Banks. "Effective December 15, 2021, Heroku is no longer accepting credit cards issued from India banks. Customers who are unable to utilize a different credit card will have until end of January 2022 to download their data, at which point their account will be suspended and then deleted. Enterprise India-based customers are not impacted. All paid services consumed prior to this time will be credited and existing credit cards will be removed from the account."

Isn't a new Indian law about to come into effect related to credit cards? I wonder if this is that law's fault rather than Heroku's fault.