HomeBusinessRBL Bank Credit Cards Go Live On Visa, Stock Gains Over 2%

RBL Bank Credit Cards Go Live On Visa, Stock Gains Over 2%

RBL Bank Credit Cards Go Live On Visa, Stock Gains 3%

Shares of RBL Bank have been final buying and selling 2.79 per cent larger at Rs 180.25 apiece on the BSE.

Share worth of RBL Bank gained greater than two per cent on Wednesday, September 15, after the financial institution introduced that it began issuing bank card to its prospects on the Visa funds community. On Wednesday, RBL Bank opened at Rs 176.25, swinging to an intra day excessive of Rs 181.20 and an intra day low of Rs 175.85, within the buying and selling session to date.

RBL Bank’s launch in the present day follows the completion of know-how integration with the brand new platform after the settlement between RBL Bank and Visa in July, 2021.

RBL Bank has a 5 per cent market share in bank cards within the nation. The financial institution will leverage its partnership with Visa to offer a variety of bank cards to a a number of buyer segments, in keeping with a regulatory submitting by RBL Bank to the inventory exchanges.

“At a time when shoppers are on the lookout for extra methods to pay with out utilizing money, we’re happy to announce our partnership with RBL Bank to concern Visa-powered bank cards to their shoppers. Visa goals to allow digital funds for all and assist shoppers avail credit score choices from their issuers with ease,” stated Sujai Raina, Head – Business Development, India, Visa.

These playing cards are designed to supply handy, good, safe transactions, together with reward propositions to prospects, in keeping with the main non-public sector financial institution. 

On the NSE, RBL Bank opened at Rs 176.50, registering an intra day excessive of Rs 181.25 and an intra day low of Rs 176.40. within the session to date. It have been final buying and selling 3.05 per cent larger at Rs 180.70 apiece on the NSE. 

Shares of RBL Bank have been final buying and selling 2.79 per cent larger at Rs 180.25 apiece on the BSE. 

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