American Express to resume India business from August 7
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The company has asked its partner banks and payment operators in India to recommence onboarding of new merchants on its network from August 7.
American Express is set to partially resume its business in India next month by acquiring merchants, even as it works to fix the issues of compliance related to data localisation of its card users that led to a regulatory ban on new card issuance, said three people familiar with the matter.
The company has asked its partner banks and payment operators in India to recommence onboarding of new merchants on its network from August 7.