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:
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
In a major reform aimed at improving the ease of doing business in India, the…
José Antonio Kast has officially taken office as the new President of Chile, marking a…
Child marriage is a serious social issue in India, affecting the rights, health, and education…
Prime Minister Narendra Modi recently dedicated a modern elevated road corridor connecting Pandu Port to…
The Union Ministry of Jal Shakti is taking big steps under Jal Jeevan Mission (JJM)…