Reserve Bank of India bans Amex, Diners from selling new cards from May 1

The action has been take as these entities have been found non-compliant with the directions on storage of payment system data which the central bank had asked them to store in India, RBI said.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/reserve-bank-of-india-bans-amex-diners-from-selling-new-cards-from-may-1/articleshow/82227382.cms