India's top payments service provider Financial Technologies-promoted atom technologies, Visa and Reliance group's Reliance Securities have come together to enable 1 million customers of Reliance Securities to make online money transfers to their broking accounts through atom's payment solutions, using any Visa debit card.
Global payment card brand Visa International would double its debit card business in India from five million to 10 million during the current fiscal, South Asia deputy country manager Uttam Nayak said.
You get a 45-day repayment window and reward points. But inability to pay back on time can be a problem.
While Visa and Mastercard slug it out for leadership, analysts say RuPay has the potential to cause disruption and eat into their market share.
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