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April 23, 2021

Statement in response to Reserve Bank of India’s directive

We have been in regular dialogue with the Reserve Bank of India about data localization requirements and have demonstrated our progress towards complying with the regulation. While we’re disappointed that the RBI has taken this course of action, we are working with them to resolve their concerns as quickly as possible. This does not impact the services that we offer to our existing customers in India, and our customers can continue to use and accept our cards as normal.

For more information please contact:

Vibha Bajaj: Vibha.b.bajaj@aexp.com

Pallavi Bahuguna: Pallavi.bahuguna@aexp.com

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