RBI allows Diners Club to onboard new customers

The Reserve Bank of India today lifted restrictions imposed on Diners Club International with immediate effect over on-boarding of fresh domestic customers. Diners Club International is a payment system operators authorised to operate card networks in the country under the Payment and Settlement Systems Act, 2007 (PSS Act). The RBI order did not impact the existing customers of Diners Club International.

In a statement today, the RBI said: “In view of the satisfactory compliance demonstrated by Diners Club International Ltd. 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.”