RBL Bank Credit Cards Go Live On Visa, Stock Gains 3%

RBL Bank Share Price Today: On Wednesday, RBL Bank opened at Rs 176.25, swinging to an intra day high of Rs 181.20 and an intra day low of Rs 175.85, so far

RBL Bank Credit Cards Go Live On Visa, Stock Gains 3%

Shares of RBL Bank were last trading 2.79 per cent higher at Rs 180.25 apiece on the BSE.

Share price of RBL Bank gained more than two per cent on Wednesday, September 15, after the bank announced that it started issuing credit card to its customers on the Visa payments network. On Wednesday, RBL Bank opened at Rs 176.25, swinging to an intra day high of Rs 181.20 and an intra day low of Rs 175.85, in the trading session so far.

RBL Bank's launch today follows the completion of technology integration with the new platform after the agreement between RBL Bank and Visa in July, 2021.

RBL Bank has a five per cent market share in credit cards in the country. The bank will leverage its partnership with Visa to provide a wide range of credit cards to a several customer segments, according to a regulatory filing by RBL Bank to the stock exchanges.

"At a time when consumers are looking for more ways to pay without using cash, we are pleased to announce our partnership with RBL Bank to issue Visa-powered credit cards to their consumers. Visa aims to enable digital payments for all and help consumers avail credit offerings from their issuers with ease,'' said Sujai Raina, Head - Business Development, India, Visa.

These cards are designed to offer convenient, smart, secure transactions, along with reward propositions to customers, according to the leading private sector bank. 

On the NSE, RBL Bank opened at Rs 176.50, registering an intra day high of Rs 181.25 and an intra day low of Rs 176.40. in the session so far. It were last trading 3.05 per cent higher at Rs 180.70 apiece on the NSE. 

Shares of RBL Bank were last trading 2.79 per cent higher at Rs 180.25 apiece on the BSE.