RBL Bank enters into an settlement with Visa Worldwide by admin- Thursday, July 15th, 2021 04:35:32 PM
RBL Bank has entered into an agreement with Visa Worldwide Pte. Ltd (“Visa”) to issue credit score cards enabled at the Visa fee network. RBL Bank expects to start issuance of credit score cards on the Visa charge network submit the technology integration that is anticipated to take 8 to 10 weeks. In the interim, our Bank’s modern-day run charge of approx. 100,000 new credit card issuances in line with month should probably be impacted till such time that there’s readability from the regulator on issuing new credit playing cards on the Mastercard community or until the technical integration with Visa is entire.
As of date RBL Bank has approx. 3 million credit card customers and is the fifth largest credit score card provider inside the united states with approx. Five% market proportion.