News Post

Credit card users can now choose between Visa, Mastercard, RuPay and Amex. Here’s what you need to know

Money Control

· 3m
placeholder-image

The Reserve Bank of India (RBI) has issued a circular that allows credit and debit card users to have greater choice in selecting card networks. The RBI directive forbids card issuers from entering into agreements that restrict them from using other card networks. The central bank wants banks and non-banks to offer customers the option to choose from multiple card networks when the card is issued or renewed. The circular will be effective from September 6, 2024. The move is expected to boost the adoption of the locally-developed RuPay card network.

1
View Source
No Comments yet

More Like this

How is AmEx Different from Visa and Mastercard? 

How is AmEx Different from Visa and Mastercard? 

From Amex to HDFC to LG: This Delhi-based platform is behind all your reward programmes

From Amex to HDFC to LG: This Delhi-based platform is behind all your reward programmes

American Express blames third-party vendor for data breach, says report

American Express blames third-party vendor for data breach, says report

South side story: Can attractive sops turn Chennai into a hub for GCCs?

South side story: Can attractive sops turn Chennai into a hub for GCCs?

Humans can be free from jobs that computers can do: Ola CEO on AI

Humans can be free from jobs that computers can do: Ola CEO on AI

Stable Diffusion Turbo XL can generate AI images as fast as you can type

Stable Diffusion Turbo XL can generate AI images as fast as you can type

Stable Diffusion XL Turbo can generate AI images as fast as you can type

Stable Diffusion XL Turbo can generate AI images as fast as you can type

How entrepreneurs can leverage AI to maximise the value of their customer interactions

How entrepreneurs can leverage AI to maximise the value of their customer interactions

Now Apple Vision Pro Personas can float freely across different apps

Now Apple Vision Pro Personas can float freely across different apps

This smartglass can do things that Apple's Vision Pro can only dream of — thermal vision, built in 5G, no wires and yes, it can easily withstand falls

This smartglass can do things that Apple's Vision Pro can only dream of — thermal vision, built in 5G, no wires and yes, it can easily withstand falls

Download the medial app to read full posts, comements and news.