Current Affairs - Banking - Discussion

India-based private sector lender RBL Bank has launched instant payouts for fintech firms by partnering with payments giant Visa. Under this partnership, the bank will leverage Visa's real-time push payments platform Visa Direct, across the country. Visa Direct facilitates instant, real-time fund settlement through debit and credit cards. It will allow RBL Bank to create technology-led banking solutions catering to the growing needs of merchants and partners. Further, this will enable fintech firms to create digital payment solutions for the end customers.