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

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..... RBI invites comments on draft circular on Arrangements with Card Networks for issue of Debit, Credit and Prepaid Cards
News and Press Release
Dated:- 6-7-2023

The Reserve Bank of India h .....

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..... as 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 se .....

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..... nt 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 .....

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..... Singh 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 .....

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..... the 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 Daya .....

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..... l) Chief General Manager
News - Press release - PIB .....

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