More choice for customers: RBI's 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.

Mar 6, 2024 - 11:00
More choice for customers: RBI's 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.