Soon, consumers will have the freedom to select their preferred payment card network, such as Visa, RuPay, or Mastercard. This development comes as the Reserve Bank of India aims to increase competition and enhance user experience in the payment card industry.
With this change, individuals can align their card choice with their needs and preferences, potentially unlocking benefits and tailored services. This shift signifies a positive stride towards empowering consumers, allowing them to select their preferred payment methods for greater convenience and personalized financial transactions.