All posts tagged "American Express"
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139IndiaRBI Lifts Diners Club Restrictions Citing ‘Satisfactory Compliance’
Restrictions prohibiting Diners Club from onboarding new domestic customers have been lifted. Similar restrictions are still in place for Amex and Mastercard.
November 14, 2021 -
196IndiaRBI Says Only Visa Complies With Data Localisation Rules
Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.
August 19, 2021 -
149EnforcementRBI Imposes Restrictions on Mastercard Over Data Storage
The action may hamper the ability of private banks to issue new cards to customers in the near term due to their exclusive tie-ups with Mastercard.
July 15, 2021 -
1.1KChinaAmex Joint Venture Commences Card Clearing Operations in China
The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.
September 3, 2020 -
1.2KChinaChina to Deepen Financial Sector Opening-up Despite Worsening US Ties
PBOC governor Yi Gang says China will continue to open up its financial sector in line with the phase one trade deal signed with the US in January.
August 12, 2020 -
878AML / KYCChina Imposes Retaliatory Sanctions Against US Officials
The US President said that a phase two trade deal with China isn’t under consideration, though China has continued to meet its commitments under the phase one deal signed in January.
July 14, 2020 -
652China
PBOC Grants Bank Card Clearing Licence to Amex JV
American Express has become the first foreign company to receive a network clearing licence in China, which will allow it to compete with Tencent, Alipay and China UnionPay for market share.
June 14, 2020 -
472China
China Green Lights Mastercard JV to Enter Bank Card Clearing Market
The approval follows a commitment from China to expedite pending licence applications from US payments providers as part of the phase one trade deal.
February 12, 2020 -
870ChinaTrade Deal to Enable Early Entry of US Firms to China
Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
January 16, 2020 -
488China
Amex Closer to Entering China Bank Card Market – Report
The latest approval comes over two years after Amex was approved to start preparing a joint venture business with local partner LianLian.
January 13, 2020
