RBI permits banks to issue RuPay prepaid forex cards – The Reserve Bank of India (RBI) decided to permit banks to issue RuPay Prepaid Forex cards to customers and to issue such cards abroad. RBI is looking for broadening the scope of RuPay cards and as part of its strategy of internationalising issuance and acceptance of such cards.
- RuPay cards will be allowed for issuance in foreign jurisdictions. and will help in expanding the reach and acceptance of RuPay cards globally,”
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