RBI lifts restrictions on American Express; allows onboarding new domestic customers - Shahpur Turk CSC - Common Service Centre in Sonipat RBI lifts restrictions on American Express; allows onboarding new domestic customers

28 August 2022

RBI lifts restrictions on American Express; allows onboarding new domestic customers

The Reserve Bank on Wednesday lifted the restrictions on American Express Banking Corp and allowed the onboarding of new domestic customers on its card network. The central bank had imposed curbs on American Express Banking Corp for being non-compliant with the directions on Storage of Payment System Data effective May 1, 2021.

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