What are new Guidelines issued by RBI on Issuance of Credit and Debit Cards?
On 21st April 2022, the Reserve Bank of India (RBI) issued a fresh set of guidelines for the issuance of debit and credit cards. These newly issued guidelines will come into effect from July 1 2022 and will be applicable ..
Tags: Credit cards • Debit cards • Guidelines • RBI • Reserve Bank of India
Month: Current Affairs - April, 2022
Category: Banking Current Affairs • Economy & Banking Current Affairs - 2022
Finance minister: MDR charges not applicable for RuPay and UPI from 2020
On December 28, 2019, Finance Minister Nirmala Sitaraman announced that Merchant Discount Rate (MDR) will not be applicable on bank transactions made through RuPay and UPI platforms. Highlights The Finance Ministry has directed the banks to start campaigns to popularize ..
Tags: BHIM • Debit cards • Digital currency • digital economy • Merchant Discount Rate
PV Sindhu becomes an athlete member of Team Visa for Olympic Games Tokyo 2020
Payment technology company Visa has appointed world badminton champion Pusarla Venkata Sindhu (PV Sindhu) as its brand ambassador for two years. Besides promoting the brand through advertising campaigns, Sindhu has also become an athlete member of Team Visa for the ..
Tags: Debit cards • Money • Olympic Games • P. V. Sindhu • Payment cards
PM Modi launches a National Common Mobility Card (NCMC) in Ahmedabad
On 4th March, Prime Minister Narendra Modi launched a National Common Mobility Card (NCMC) in Ahmedabad, Gujarat, which will function on the “One Nation One Card” model across the country. The NCMC is the India’s first indigenously developed payment platform ..
Tags: Debit cards • Financial services • Ministry of Urban Development • Money • More Card
RuPay cards will be acceptable at all PoS by January, 2013: NPCI
As per National Payment Corporation of India (NPCI), RuPay cards will be acceptable at all PoS (Point of Sales) terminals in the country from January, 2013. What are RuPay cards? RuPay card is a domestic debic card, launched by NPCI ..
Tags: Banking in India • BharatQR • Credit card • Debit cards • Finance