To promote card-based transactions, IDBI Bank has tied up with National Payment Corporation of India (NPCI) to launch Rupay Platinum Debit Card. According to the bank, the card is in line with the Reserve Bank of India’s vision. The card offers open-loop, multilateral payment system to all banks and financial institutions in India.
On registering for the card, customers will receive various discounts and offers. The card can currently be availed for all domestic transactions and will require a PIN for performing any transaction to ensure tight security.
MS Raghavan, CMD, IDBI Bank, said, “We understand the sea change in the banking habits of people and hence, The ‘Rupay Platinum Debit card’, is another effort towards giving our customers seamless service at par with the modern day banking technology.”
At the launch MD and CEO of NPCI, A. P. Hota said, “The launch of RuPay card is a milestone achievement for us to create an impact in the expanding debit card market.”
Recently, Yes Bank too launched a RuPay Debit Card in association with NPCI.