Visa to Rupay: From October 1, you can port your credit, debit cards too

From 1 October, all credit card, debit card and prepaid card customers in India will be able to port their networks. Just as you can port your mobile networks between Vodafone, Jio and Airtel, now card users would be able to port from Visa to MasterCard to RuPay or any other network or vice-versa of their choice.

The Reserve Bank of India has issued a new circular that empowers debit, credit, and prepaid card users to select their preferred card network, which challenges the existing practice where card network options are predetermined by agreements between issuers and networks.