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
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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