India: Announced lifting of restrictions imposed on American Express Banking Corp for compliance with data localisation requirements
Description
Announced lifting of restrictions imposed on American Express Banking Corp for compliance with data localisation requirements
On 24 August 2022, the Reserve Bank of India (RBI) lifted the restrictions on American Express Banking Corp, following the company's compliance with the localisation requirement for payment system data. On 23 April 2021, the RBI issued an order for…
Scope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank
Complete timeline of this policy change
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2021-04-23
under investigation
2021-05-01
in force