RBI invites comments on draft circular on Arrangements with Card Networks for issue of Debit, Credit and Prepaid Cards

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....BI invites comments on draft circular on Arrangements with Card Networks for issue of Debit, Credit and Prepaid Cards <br>News and Press Release<br>Dated:- 6-7-2023<br><BR>The Reserve Bank of India ha....

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....s today placed on its website the draft circular on Arrangements with Card Networks for issue of Debit, Credit and Prepaid Cards for feedback from stakeholders. Comments / Feedback, if any, may be sen....

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....t by email, or by post to the Chief General Manager-in-Charge, Department of Payment and Settlement Systems, Central Office, Reserve Bank of India, 14th Floor, Central Office Building, Shahid Bhagat S....

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....ingh Road, Mumbai - 400 001, on or before August 4, 2023. 2. The draft circular mandates card issuers (banks / non-banks) to issue cards on more than one card-network along with providing customers t....

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....he facility to choose any one among the multiple card networks. It also restrains card issuers from entering into agreements that limit their ability to tie-up with other card-networks. (Yogesh Dayal....

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....) Chief General Manager<BR> News - Press release - PIB....