As per the title, why no Indian banks tie up with amex network for debit cards? Amex itself issue debit cards in USA for checking accounts. So why no Indian banks still haven't an agreement with amex for debit cards?
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Why no banks tie up with amex network for debit cards like their cc counterpart?
- Thread starter MusicalMind
- Start date
- Replies 7
- Views 778
Gaara
TF Ace
While Amex is active in the credit card space, its presence in the debit card segment has been limited. Possible reasons for this include - The Indian debit card market is dominated by RuPay, an indigenous card payment network developed by the National Payments Corporation of India (NPCI). RuPay has gained significant traction due to its lower transaction costs and government support.
amex charges higher mdr
probably banks havent been able to come to an agreement for the same
probably banks havent been able to come to an agreement for the same
Previously Mobikwik has Amex prepaid card.
taskmaster
TF Premier
Whats even the point of using debit card these days? Everyone takes UPI. Only case is when there is reward points involved or some special discount.
Gaara
TF Ace
To get rewarded for paying CC bills with debit card 😁 ✨
repayment of cc is a very big usecase