RBL Bank to issue Visa credit cards after RBI bans Mastercard
RBL Bank has entered into an agreement with Visa Worldwide to start issuance of credit cards on the Visa platform, the lender informed the indices. The bank also added that it will be able to issue the new cards after technology integration which is expected to take 8 to 10 weeks. RBI indefinitely barred US-based Mastercard from issuing new credit, debit,& prepaid cards.
Did you Know
RBL bank is the fifth largest credit card issuer in the country with a 5% market share.