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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

Topics
American Express card | Reserve Bank of India | Data storage

Anup Roy & Neha Alawadhi  |  Mumbai/New Delhi 



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

The (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 .

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First Published: Fri, April 23 2021. 19:24 IST

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