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The same had earlier been put on hold by Amex after concerns were raised by experts and cardholders on privacy risks and other grounds
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The same had earlier been put on hold by Amex after concerns were raised by experts and cardholders on privacy risks and other grounds
After this move by the Indian Central Bank RBI, American Express will be able to onboard new customers again after the ban in May...
One such concern was the non-consensual sharing of personal credit card spending data with government agencies.
The RBI circular mandates financial creditors like Amex to submit information related to debts to an information utility.
The Reserve Bank of India (RBI) imposed business sanctions on American Express and Diners Club, two major global card networks, for violations with the...
This explainer is based on our #NAMA Community meet on the payments ecosystem held in New Delhi on July 31, and supported by FTI...
“The mistake would be in not viewing evolution of payments as a growth story for all stakeholders – service providers, governments, merchants and consumers...
Offering a ‘potential solution’ to the ongoing saga over the data localisation norms, India’s Economic Affairs Secretary S.C Garg has said that international payment...
In a move that will likely irk all international payment firms operating in India, Paytm wants the central government to push for storage of payment...
In a move that would cheer most foreign payment firms operating in India, the country’s finance ministry has proposed to ease the Reserve Bank...
