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Starting October 1, Indian customers using credit, debit, and prepaid cards will be free to switch their card networks between Visa, MasterCard, RuPay, etc., and vice versa, similar to mobile network portability between Vodafone, Jio, and Airtel. The facility, announced in an RBI circular, aims to empower card users to select their preferred network. It challenges the current practice of agreements between issuers and networks predetermining network options. As such, when applying for a card, users had no say in choosing the network provider as the issuer decided it. Authorised card networks in India include American Express Banking Corp., Diners Club International Ltd., MasterCard Asia/Pacific Pte. Ltd., National Payments Corporation of India's RuPay, and Visa Worldwide Pte. Ltd. However, users were not free to choose among them until now.
Despite a decrease in agriculture exports, which position did India retain in global agriculture exports in 2023 according to the WTO?
BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the_______________________, based on the Unified Payments Interface (UPI).
Dubai opened the 'Infinity Bridge' for traffic for the first time. Why the bridge is named 'Infinity Bridge'?
What is the purpose of observing Swachhata Pakhwada in the Ministry of Railways?
The PM PRANAM scheme is associated with which sector?
Who was the Chairman of Hinduja Group and recently passed away in London?
Who is the first Indian swordsman to win a medal in the Asian Championships?
What is the underlying reason for SEBI's permission to allow stock brokers and clearing members to park client funds in mutual fund overnight schemes?
Which country won the Men’s Hockey World Cup 2023 title?
Which of the following statements is TRUE regarding the RBI's Prompt Corrective Action (PCA) framework for Urban Cooperative Banks (UCBs) effective from...
