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In a series of moves last year, India's central bank had indefinitely barred Mastercard and American Express from issuing new debit, credit or prepaid cards. ....
RBi 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. ....
The RBI imposed the curbs on AmEx in April 2021 saying the company had not met data storage rules requiring foreign card networks to store domestic payments data only in India so the regulator can have ....