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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.
Rapido has recently joined the unicorn club as the ______ Indian startup this year after securing $120 million in its latest funding round.
What was 'Diwan-i-Istihaq' in the Sultanate period?
What is the name of the Indian Navy’s nuclear-powered submarine?
How many new districts have been established in the Union Territory of Ladakh by the Central Government?
Which countries are involved in the agreement for Quick Impact Projects (QIPs) signed between India and Nicaragua?
Apart from India and Brazil, which is the 3rd country to constitute the G20 Troika during the Brazilian G20 Presidency in 2024?
Who is the author of the book “The $Ten Trillion Dream: The State of the Indian Economy and the Policy Reforms Agenda”?
Where will the first IIT campus outside of India be established?
What is the total increase percent in Uttarakhand budget 2023-24 as compared to previous year?
Asian Wrestling Championships 2023 in Astana, Kazakhstan, which country have won maximum medals.