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Tag: card networks

RBI directs card issuers to provide options for customers to choose card networks

Posted on March 6, 2024 By admin
RBI directs card issuers to provide options for customers to choose card networks

The RBI directive means that a card issuing bank or non-bank can not force the card of any particular network on a customer. | Photo Credit: Reuters The Reserve Bank of India (RBI) has issued directions to card issuers not to enter into any arrangement or agreement with card networks that restrain them from availing…

Read More “RBI directs card issuers to provide options for customers to choose card networks” »

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