The Reserve Bank of India has given its approval to Transcorp International Ltd to issue co-branded prepaid cards. With the approval, the RBI has allowed Transcorp to enter into co-branding arrangements for Prepaid Instruments that can be utilized in over 35 lakh stores and online gateways. After receiving approval from the RBI, the Transcorp International Ltd has become one of the first non-bank companies to receive approval to enter into co-branding arrangements for Prepaid Instruments.
Click Here To Get Test Series For SBI PO 2020
Now, Transcorp International Ltd will be rolling out API based co-branded partnerships for Physical, Digital and Contactless cards with select marquee clients on its own BINs. Financial institutions, corporate houses and partners can use these cards to facilitate their core business activities. It will also allow them to facilitate safe transactions to serve their existing and new customers even if they do not have a bank account.
Important takeaways for all competitive exams:
Houses are not just places to live; some are grand, luxurious, and larger than most…
Asia is one of the fastest-growing regions in the world and is home to many…
India has formally begun preparing its military leadership for the wars of the future. On…
Union Bank of India has announced a key leadership change with the promotion of Shri…
India’s biodiversity has gained fresh attention after scientists discovered a new orchid species in Kerala’s…
Punjab’s aviation map witnessed a symbolic and developmental shift on 2 February 2026. Prime Minister…