RBI Limits American Express, Diners Club From Joining New Customers May 1 Onwards

INSUBCONTINENT EXCLUSIVE:
Express and Diners Club International Ltd
were found not following the RBI's directions on ensuring that data of transactions, payments, instructions and customer information
and Diners Club International Ltd
are Payment System Operators authorised to operate card networks in the country under the Payment and Settlement Systems Act, 2007 (PSS
circular on 'Storage of Payment System Data' dated April 6, 2018, all payment system providers were to ensure that within a period of six
to RBI and submit a Board-approved System Audit Report (SAR) conducted by a CERT-In empanelled auditor within the timelines specified in the