RBI Lifts Ban On American Express, Allows New Customer Onboarding
RBI had imposed the restrictions on American Express in April last year for non-compliance with directions on storage of payment system data
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RBI had imposed the restrictions on American Express in April last year for non-compliance with directions on storage of payment system data
The Reserve Bank of India on Wednesday lifted curbs imposed on American Express last year that had prevented it from taking on new customers in India, saying the U.S.
The Reserve Bank on Wednesday lifted the restrictions on American Express Banking Corp and allowed onboarding of new domestic customers on its card network.
The restrictions on American Express were imposed for non-compliance with the RBI circular -- dated April 6, 2018 -- on storage of payment system data.
After the Reserve Bank of India (RBI) lifted curbs on American Express Banking Corp enabling it to onboard new domestic customers, the financial services compan