Japanese payment card network JCB has teamed with the State Bank of India to launch a cobranded debit card leveraging RuPay, the state’s domestic card scheme operated by National Payments Corporation of India.
The dual-interface card features both contact and contactless technology, enabling users to load funds to RuPay in real time for later use at stores and on public transit, JCB said in a Monday press release.
The SBI RuPay JCB Platinum Contactless debit card works within India and outside the country where JCB has broad acceptance, the release said.
People using the new card may receive discounts at participating domestic and international merchants and may also use nine JCB Plaza Lounges available to JCB customers in malls and airports in Paris, Bangkok, Singapore, Taipei, Seoul, Hong Kong, Los Angeles and Honolulu, according to the release. SBI has 76 million customers.
“As more and more Indian customers adopt digital modes of payment to transact both domestically and internationally, we are sure this product proposition will be enjoyed and appreciated by the cardmembers,” said Yoshiki Keneka, president and CEO of JCB International, in the release.
