Credit and debit cards including RuPay Cards issued by the public sector banks

Credit and debit cards including RuPay Cards issued by the public sector banks https://www.taxtmi.com/news?id=17414 RBI collects and publishes bank-wise card outstanding and monthly ATM/POS transaction information but lacks network-level bifurcation. Card networks set network or switching fees payable by issuing and acquiring banks, a practice not regulated by the Reserve Bank. RBI has authorised five networks for card issuance and does not require banks to affiliate with any particular network. NPCI's proposal for a RuPay credit card is under consideration, and the Government has directed RuPay issuance for Prime Minister Jan Dhan Yojana account holders. en-us Fri, 03 Feb 2017 18:32:31 +0530 Fri, 03 Feb 2017 18:32:31 +0530 TaxTMI RSS Generator Credit and debit cards including RuPay Cards issued by the public sector banks https://www.taxtmi.com/news?id=17414 RBI collects and publishes bank-wise card outstanding and monthly ATM/POS transaction information but lacks network-level bifurcation. Card networks set network or switching fees payable by issuing and acquiring banks, a practice not regulated by the Reserve Bank. RBI has authorised five networks for card issuance and does not require banks to affiliate with any particular network. NPCI's proposal for a RuPay credit card is under consideration, and the Government has directed RuPay issuance for Prime Minister Jan Dhan Yojana account holders. News - Fri, 03 Feb 2017 18:32:31 +0530 https://www.taxtmi.com/news?id=17414