India Penalizes Amex, Diners For Flouting Data-Storage Rules
Jeanette Rodrigues, 23 April 2021
The Reserve Bank of India restricted American Express Banking Corp. and Diners Club International Ltd. from adding new local customers, citing non-compliance with data-storage rules.
The order will take effect May 1 and won’t impact existing customers, the RBI said in a statement Friday. Continue reading “Article: India Penalizes Amex, Diners For Flouting Data-Storage Rules”