RBI allows RuPay Prepaid Forex card


Content Team
Image Credit: NewsBytes

Indians traveling abroad will soon have another option to make payments-RuPay Prepaid Forex card. The Reserve Bank of India (RBI) has permitted Indian banks to issue RuPay Prepaid Forex cards. The decision was announced after the RBI's bi-monthly monetary policy review. RuPay has emerged as a robust payment method in a space once dominated by MasterCard and Visa.