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RBL Bank and Visa Launched Instant Payouts “Visa Direct” for FinTechs

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RBL-Bank-and-Visa-launch-instant-payouts-for-FinTechsOn October 30, 2020, the RBL Bank (formerly known as Ratnakar Bank) in partnership with Visa launched the latter’s processing capability “Visa Direct” that allows safe, convenient, real-time and secure funds delivery directly to financial accounts using credit and debit cards. This partnership underlines RBL’s “Partners ka Bank” philosophy.

  • This Launch will enable RBL Bank to help fintechs in enhancing their offerings with Visa Direct. It will also help the bank to advance tech-led banking solutions to address the needs of its partners to create a world-class digital payments experience for their end customers.
  • Through the latest partnership, RBL Bank will provide Indian fintech firms with access to domestic transactions and benefit programmes. These include refunds, card bill payments, cashback and disbursements.

Recent Related News:

i.State Bank of India(SBI) launched a loan product called SAFAL(Safe and Fast Agriculture Loan) during a Fintech conference organised by Federation of Indian Chambers of Commerce and Industry (FICCI). SAFAL is primarily focused on organic cotton growers who do not have any credit history.

ii.On September 15, 2020 SBM Bank (India) Limited (SBM Bank India) and Mastercard have collaborated to launch SBM World Debit Card, a one-of-a-kind debit card for the sophisticated needs of high net worth customers.

About RBL Bank:
Managing Director (MD) and Chief Executive Officer (CEO)– Vishwavir Ahuja
Headquarter– Mumbai, Maharashtra
Tagline– Apno Ka Bank
Chatbot– RBL Cares