Banking & FinanceFinanceLimeLight

RBI Lifted Restrictions from Diners Club International to Acquire New Customers

In April, the RBI had imposed restrictions on Diners Club International from on-boarding new domestic customers onto its card network from May 1, 2021 for non-compliance of payment system data storage norms.

Sharing is caring!

The Reserve Bank of India has removed restrictions, with immediate effect, imposed on Diners Club International regarding on-boarding of fresh domestic customers onto its card network.

“In view of the satisfactory compliance demonstrated by Diners Club International with the Reserve Bank of India (RBI) circular dated April 6, 2018 on storage of payment system data, the restrictions imposed, vide order dated April 23, 2021, on on-boarding of fresh domestic customers have been lifted with immediate effect.”

Diners Club International is a direct banking and payment services company.

It offers access to more than 1,300 airport lounges worldwide, and providing corporations and small business owners with a complete array of expense management solutions.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: