RBI Proposes New Guidelines Limiting Exclusive Card-Issuer Deals

  • The Reserve Bank of India has proposed rules prohibiting exclusive deals between card issuers and networks such as Mastercard, Visa, RuPay.
  • The new rules would require issuers to offer cards on multiple networks and allow customers to choose their network at issuance and beyond.
  • The plan aims to boost competition and increase customer choices; stakeholders can provide feedback until August 4.
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