APGVB launches cards on RuPay platform

APGVB launches cards on RuPay platform.

Andhra Pradesh Grameena Vikas Bank (APGVB), APGVBa regional rural bank sponsored by State Bank of India, has launched ATM-cum-debit cards and Kisan Credit Cards (KCC) on the RuPay platform.

“With this initiative, our small depositors and farmer-borrowers will have access to draw their money from any ATM owned by State Bank Group, ICICI, HDFC and AXIS Bank,” K. Lakshmana Rao, Chairman, APGVB said in a press release.

APGVB become the second Regional Rural Bank to launch the service. The Rupay platform is powered by National Payments Corporation of India (NPCI) as a rival to global payment product companies such as MasterCard and Visa.

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