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Call for Inputs: RBI's draft circular Arrangements with Card Networks for issue of Debit, Credit and Prepaid Cards
Call for Inputs: RBI's draft circular Arrangements with Card Networks for issue of Debit, Credit and Prepaid Cards

July 27, 2023

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Reserve Bank of India (RBI) has recently released a draft circular on the arrangements with card networks for issue of debit, credit and prepaid cards. The circular specifies that: 

  • Card issuers (both banks and non-banks) must provide their customers with the option of switching between card networks.
  • This option must be given both at the stage of issuance of the card and also at any time afterwards.
  • Card issuers cannot enter into any agreements with card networks that restrain them from availing the services of other card networks.

We are preparing a response for the draft circular. We are requesting your feedback and suggestions by July 30, 2023. Kindly write to garima@nasscom.in.


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Garima Prakash
Manager, Public Policy and Government Affairs

Reach out to me for all things policy about e-commerce, international trade, export controls, start-ups and fintech

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