Indian Bank to launch RuPay credit cards
Indian Bank is readying to launch RuPay credit card. It has sought end-to-end solution for implementing the system. The bank has a credit card base of around 83,000 cards and its plan is to issue some 2.5 lakh EMV chip enabled RuPay credit cards in the next 5 years. It will implement the solution under an opex model and outsource end-to-end credit card processing on a hosted model at the service provider’s premises.