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    Question

    In August 2022, RBI has removed the business

    restrictions imposed on which of the following International firm?
    A Mastercard Inc. Correct Answer Incorrect Answer
    B Visa Inc Correct Answer Incorrect Answer
    C American Express Banking Corp Correct Answer Incorrect Answer
    D PayPal Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    RBI has removed the business restrictions imposed on American Express Banking Corp (AEBC). RBI has removed restrictions in view of the satisfactory compliance demonstrated by AEBC with RBI’s April 2018 circular on “Storage of Payment System Data.’

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