More choice for customers: RBIs new rules shakes up credit card industry - Qoneqt
seach-icon
  • user-img

    Anu T S in India

    06 Mar 03:12 PM


    thumbnail

    More choice for customers: RBIs new rules shakes up credit card industry

    The Reserve Bank of India (RBI) has directed credit card issuers to provide their eligible customers with the option to choose from multiple card networks. Additionally, the central bank has prohibited card issuers from entering into agreements with card networks that restrict them from availing the services of other networks.