On December 1, 2020, State Bank of India (SBI) in collaboration with National Payments Corporation of India (NPCI) and Japan’s JCB (formerly Japan Credit Bureau) International Co. Ltd. unveiled “SBI RuPay JCB Platinum Contactless Debit Card” with a unique dual interface feature.
- It enables the customers to use it for both contact and contactless transactions as well as for domestic and overseas transactions.
- The card has been launched on the RuPay network by SBI in partnership with JCB.
–This card will be used to transact on ATMs (Automatic Teller Machines) & PoS (Point of Sale) terminals across the globe under JCB network.
–It can also be used for online shopping from JCB partnered international e-commerce merchants.
–It supports RuPay offline wallet-based transactions, enabling its utilization for transit in India (bus and metro) and retail (merchant) payments.
–It also provides access to JCB PLAZA Lounge in city exclusive lounges for JCB card members in prominent travel destinations such as Bangkok (Thailand), Orchard Road (Singapore) and Paris (France), which is a one-of-a-kind feature provided by JCB.
Recent Related News:
i.On October 24, 2020 SVC Co-operative Bank(Formerly known as The Shamrao Vithal Co-operative Bank Ltd.) entered into partnership with National Payments Corporation of India (NPCI) to launch a rewards programme.
ii.On October 14, 2020 EarlySalary in collaboration with National Payments Corporation of India (NPCI) launched ‘Salary Card’, a Zero-Touch Digital card. The Salary Card credit solution is powered by Rupay.
About JCB International Co. Ltd:
JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan.
Chairman & Chief Executive Officer (CEO)– Ichiro Hamakawa
Headquarter– Tokyo, Japan
About National Payments Corporation of India (NPCI):
Managing Director (MD) and Chief Executive Officer (CEO)– Dilip Asbe
Headquarter– Mumbai, Maharashtra
Founded – 2008
Established by – RBI & IBA (under Section 8 of the Companies Act 2013)
Regulator – RBI