When is Amex and Mastercard Coming back ?

[StanRoute66]

Any updates on this ? Any Insider who would know any developments ?

 

[Ad.Astra]

U

Any updates on this ? Any Insider who would know any developments ?

Until it complies with RBI mandated data storage norms.

How long it has been since they have been barred from issuing new Cards? 4 years?

 

[007]

U

Until it complies with RBI mandated data storage norms.

How long it has been since they have been barred from issuing new Cards? 4 years?

1 year - since May 2021

 

[AllSeeker]

Until government feels rupay has had enough competitive advantage, they wont be coming back 🤣

 

[Ad.Astra]

1 year - since May 2021

Oh, is that so.

 

[007]

Until government feels rupay has had enough competitive advantage, they wont be coming back 🤣

Gormint be like:

 

[007]

I want Amex
I already have one Mastercard

I don't have Mastercard, don't need one!
But I want Amex, that too LTF! 😂

 

[souvikdey2002]

Everybody just wait.
You will be given LTF AMEX once again they starts.
Remember what happens to HDFC, so wait & watch.

 

[AllSeeker]

Everybody just wait.
You will be given LTF AMEX once again they starts.
Remember what happens to HDFC, so wait & watch.

Hoping for same.

 

[souvikdey2002]

Hoping for same.

And pray the ban should not be lifted very soon.
More long this ban will continue, they will be desperate more to recapture the market.
And more they will be desperate, more LTF offers for higher variants cards will be offered based on how good negotiator you are.

 

[vysakh]

It's been so long and I don't understand why the ban hasn't been lifted. Diners complied pretty quick and the ban was lifted in 6 months or so.

If data storage was really an issue and they aren't moving to Indian servers, why isn't RBI making a complete ban of them, that is to ban the entire network and not just the issue of new cards? I think there are other factors at play here.

 

[007]

Was Diner's even banned?

Yes but they came back in 6 months or so.

 

[007]

It's been so long and I don't understand why the ban hasn't been lifted. Diners complied pretty quick and the ban was in 6 months or so.

If data storage was really an issue and they aren't moving to Indian servers, why isn't RBI making a complete ban of them, that is to ban the entire network and not just the issue of new cards? I think there are other factors at play here.

Yeah it's strange! 🤷‍♂️

 

[AllSeeker]

Dinners has very little network unlike visa and mastercard. Rupay is directly competing with only rupay and mastercard, not really dinners.

 

[vysakh]

Dinners has very little network unlike visa and mastercard. Rupay is directly competing with only rupay and mastercard, not really dinners.

Rupay users the Diners network (Discover). So wherever rupay is accepted, diners is too and vice versa.

 

[AllSeeker]

Rupay users the Diners network (Discover). So wherever rupay is accepted, diners is too and vice versa.

I did not know that, so wouldn't banning them would be counter productive since rupay seems to be in some kind of business relationship with them?

 

[007]

I did not know that, so wouldn't banning them would be counter productive since rupay seems to be in some kind of business relationship with them?

Maybe that's the reason, Diners got back in 6 months. Whereas Amex and Mastercard are still banned. 😂

 

[Parvesh Goyal]

Rupay users the Diners network (Discover). So wherever rupay is accepted, diners is too and vice versa.

Rupay uses Discover network and Rupay is accepted everywhere in India but Diners is not accepted everywhere.

 

[007]

I'm eagerly waiting for Amex

+1

 

[ashwinkashwink is verified member.]

Rupay uses Discover network and Rupay is accepted everywhere in India but Diners is not accepted everywhere.

Nowadays most recent New pos devices accept all types of cards..