RBI bars American Express, Diners Club from onboarding new customers

The central bank said the card companies did not adhere to guidelines on local data storage

Anup Roy & Neha Alawadhi | Mumbai/New Delhi
Last Updated at April 24, 2021 00:44 IST

RBI, in April 2018, had told all payment system providers to store their entire data in a system only in India | Photo: Shutterstock

The Reserve Bank of India (RBI) on Friday asked card companies American Express and Diners Club International not to get new domestic customers onboard from May 1 as they did not adhere to the guidelines on local data storage.

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