On 7 May 2015, RBI said with effect from September 1, 2015 all new cards issued

Question

On 7 May 2015, RBI said with effect from September 1, 2015 all new cards issued - debit and credit, domestic and international - by banks shall be EMV chip and pin based cards. EMV stands for

Options:

A . Europay, Mastro and Visa

B . Europay, Master Card and Visa

C . Entitlement of Master Card and Visa

D . Euro, Master Card and Visa

Answer: Option B

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