RBI Lifts Ban on American Express Onboarding New Customers in India
The move comes months after the RBI lifted restrictions on Mastercard Inc over issuing debit and credit cards to new domestic customers due to similar compliance issues on data storage.
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 US credit card giant had shown "satisfactory compliance" on data storage rules. The move comes months after the RBI lifted restrictions on Mastercard Inc over issuing debit and credit cards to new domestic customers due to similar compliance issues on data storage.
Check Tweet:
(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)