NPCI's Global Vision: Empowering RuPay To Compete With Visa and Mastercard
1 year, 7 months ago

NPCI's Global Vision: Empowering RuPay To Compete With Visa and Mastercard

News 18  

National Payments Corporation of India is exploring options for further tie-ups to strengthen the global acceptability of RuPay debit cards. It has strengthened its network capabilities by launching RuPay JCB Global Card in association with JCB International Co Ltd in July 2019. The RuPay JCB Global card can be used at RuPay card accepting points in India and JCB card accepting points outside India for PoS, E-Commerce and ATM. RuPay, a product of NPCI, is the domestic card payment network of India, with wide acceptance at ATMs, POS devices and e-commerce websites across India. Earlier this year, the Union Cabinet approved a scheme worth Rs 2,600 crore for the promotion of RuPay debit cards and low-value BHIM-UPI transactions.

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History of this topic

Types of Debit Cards available in India: Complete details
1 week, 5 days ago

Types of Debit Cards available in India: Complete details

India TV News  

Debit Cards in India: Debit cards are crucial for bank account holders, offering various uses for transactions. MasterCard Debit Card: MasterCard debit cards are one of the most widely used electronic transaction cards worldwide, allowing you to access your savings or current account to make payments and withdraw cash from ATMs. MasterCard debit cards are one of the most widely …

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here
4 weeks ago

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here

Live Mint  

In the recent past, most banks have either reduced the benefits of their credit card reward program or allowed some benefits on spending a specified amount. The National Payments Corporation of India has come up with a RuPay exclusive lounge access policy for RuPay credit card holders. NPCI’s exclusive lounge access policy: Spend-based access The RuPay Exclusive Lounge access will …

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here
4 weeks ago

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here

Live Mint  

Credit cards: RuPay has set up an exclusive lounge for its credit cardholders at the Delhi airport. The National Payments Corporation of India has come up with a RuPay exclusive lounge access policy for RuPay credit card holders. NPCI’s exclusive lounge access policy: Spend-based access The RuPay Exclusive Lounge access will be only for RuPay The RuPay Exclusive Lounge access …

Maldives plans RuPay launch to strengthen ties with India
7 months ago

Maldives plans RuPay launch to strengthen ties with India

Live Mint  

Maldives has planned to launch India's RuPay service amid soaring ties between the two countries. "We are currently engaged in discussions with India to explore avenues for facilitating payments in rupees," the Maldivian minister said. In August 2022, the then President of Maldives Ibrahim Mohamed Solih said, “The two leaders welcomed the ongoing work to operationalize the usage of Rupay …

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging
7 months, 4 weeks ago

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging

Hindustan Times  

There is little doubt that Indians are spending more than ever before. You cannot use your credit card or debit card for subscriptions and recurring payments on the Apple App Store or the Google Play Store, be it for any app or service. Then there was a pursuit of getting RuPay credit cards aboard the UPI or unified payments interface. …

SBI Card joins Bharat BillPay in the credit card category; details here
1 year ago

SBI Card joins Bharat BillPay in the credit card category; details here

Live Mint  

NPCI Bharat BillPay, a wholly-owned subsidiary of the National Payments Corporation of India, has successfully integrated SBI Card, one of India’s leading credit card issuers, into the credit card category of Bharat BillPay. Noteworthy credit card issuers already present in this category include Kotak Mahindra Bank, BoB Financial, Federal Bank, AU Small Finance Bank, IndusInd Bank, and Canara Bank. Through …

India in talks with countries in LatAm, Africa for UPI, RuPay
1 year, 3 months ago

India in talks with countries in LatAm, Africa for UPI, RuPay

Live Mint  

New Delhi: India is in talks with several South American and African nations for introducing Unified Payment Interface and RuPay cards, in its efforts to establish the payment platforms internationally, a senior government official said. “The discussions are primarily on with high commissions embassies, and are at various stages of negotiations, as India looks to internationalise these platforms,” the official …

Rupay prepaid forex cards now permitted for issuance by banks, says RBI Governor
1 year, 6 months ago

Rupay prepaid forex cards now permitted for issuance by banks, says RBI Governor

Hindustan Times  

Banks will now be able to issue RuPay Prepaid Forex cards, Reserve Bank of India Governor Shaktikanta Das announced on Monday while reading out the monetary policy statement after a three-day deliberation. Meanwhile, RBI's monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent. Barring the April pause, the RBI raised the repo rate by …

Google Pay announces support for RuPay credit cards
1 year, 7 months ago

Google Pay announces support for RuPay credit cards

The Hindu  

Google Pay with NPCI on Tuesday announced support for RuPay credit cards on UPI payments. The RuPay credit card users have to register their cards on Google Pay in order to avail the online and offline UPI transactions, where it is accepted. This feature is available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC …

RuPay goes live on CVV-less payments for tokenised cards
1 year, 7 months ago

RuPay goes live on CVV-less payments for tokenised cards

The Hindu  

The National Payments Corporation of India on Monday said RuPay has now introduced the CVV free payment experience for its debit, credit and prepaid cardholders who have tokenised their cards on the merchant application or webpage. This new CVV-less experience ensures that the cardholder will not have to reach out to their wallet or remember any card details, if they …

India, Russia plan RuPay-Mir card use amid West sanctions on Moscow
1 year, 7 months ago

India, Russia plan RuPay-Mir card use amid West sanctions on Moscow

Hindustan Times  

India and Russia will explore the possibility of accepting RuPay and Mir cards in each other's country for hassle-free payments amid sanctions imposed by the West on Moscow. The meeting, co-chaired by External Affairs Minister S Jaishankar and Russia Deputy Prime Minister Denis Manturov, also agreed to explore the possibility of interaction of Unified Payments Interface of National Payment Corporation …

From Local To Global: UPI Opens Doors To International Shopping For Indian Buyers
1 year, 7 months ago

From Local To Global: UPI Opens Doors To International Shopping For Indian Buyers

News 18  

NPCI International Payments Limited, a wholly-owned subsidiary of National Payments Corporation of India, on Thursday announced that it has executed a definitive agreement confirming the partnership with leading digital payments infrastructure provider PPRO. Benefit For Indian Consumers The partnership between NIPL and PPRO will empower the global PSPs, Banks, payment gateways, and enterprises with payment platforms to expand globally giving …

How can you make payments using a credit card via UPI: Step-by-step guide
1 year, 8 months ago

How can you make payments using a credit card via UPI: Step-by-step guide

India TV News  

The National Payments Corporation of India has collaborated with payment aggregators such as Google Pay, Paytm, and Razorpay to allow credit card transactions over the Unified Payments Interface. This comes after the Reserve Bank of India linked RuPay credit cards to UPI in an effort to combine the benefits of both, providing customers with the quick payment experience of UPI …

Explained | India’s UPI push
1 year, 10 months ago

Explained | India’s UPI push

The Hindu  

The story so far: On January 10, the National Payments Corporation of India paved the way for international numbers to be able to transact using UPI. Addressing theinfrastructural and technological changes required to support such payments, he said, “Currently, all the internal systems as well as ecosystem players such as banks, NPCI, etc only understand India-based mobile numbers for UPI …

RuPay and Master card: What makes them different?
2 years ago

RuPay and Master card: What makes them different?

Live Mint  

Not too long ago, making payment to someone meant transferring money by cash or cheque, unless it was mentioned otherwise. And when we talk about the online payment gateway cards, we have a range of options to choose from: Master Card, RuPay Card and Visa. Master Card and Visa These cards, till recently, were synonymous with digital payments, especially until …

No charges on using RuPay credit card for UPI transactions less than ₹2,000
2 years, 2 months ago

No charges on using RuPay credit card for UPI transactions less than ₹2,000

Hindustan Times  

The National Payments Corporation of India in a circular has said unified payments interface transactions up to ₹2,000 for RuPay credit card user won't be charged. Earlier, Reserve Bank of India's deputy governor T Rabi Sankar had said that the basic objective of linking the credit cars to UPI is to provide a customer with wider choice of payments. Earlier, …

Das unveils three digital payment solutions at Fintech Fest
2 years, 3 months ago

Das unveils three digital payment solutions at Fintech Fest

The Hindu  

Reserve Bank of India Governor Shaktikanta Das on Tuesday unveiled RuPay Credit Card on UPI, UPI Lite, and Bharat BillPay Cross-Border Bill Payments to further boost digital payments in India. Customers of Punjab National Bank, Union Bank of India, and Indian Bank will be the first to be able to use RuPay Credit Card on UPI with BHIM app. Bharat …

ICICI Bank partners with NPCI to launch RuPay credit cards
2 years, 3 months ago

ICICI Bank partners with NPCI to launch RuPay credit cards

Live Mint  

Mumbai: ICICI Bank today announced its partnership with National Payments Corporation of India to launch a range of credit cards on RuPay, the indigenous payments network. Called, ‘ICICI Bank Coral RuPay Credit Card’, the contactless card offers a host of privileges and benefits including reward points on daily purchases like shopping and restaurants, paying utility bills, complimentary domestic airport & …

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions
2 years, 4 months ago

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions

The Hindu  

Expanding further outside India, the indigenously developed real-time payments solution the Unified Payments Interface will foray into the United Kingdom market starting with QR code-based transactions. The NPCI International Payments Ltd has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the U.K. NIPL is the wholly-owned subsidiary of National Payments Corporation …

RBI allows credit cards to be linked to UPI; Rupay credit cards first in line
2 years, 6 months ago

RBI allows credit cards to be linked to UPI; Rupay credit cards first in line

The Hindu  

The Reserve Bank on Wednesday allowed credit cards to be linked with the unified payments interface, which will enable more people to make payments using the popular platform. "…it is proposed to allow linking of credit cards to UPI," RBI Governor Shaktikanta Das said while announcing the regulatory moves, along with the bi-monthly policy review. He said that Rupay credit …

What is RuPay - India's card payment network?
2 years, 7 months ago

What is RuPay - India's card payment network?

Business Standard  

A product of the National Payments Corporation of India, RuPay is India’s indigenous payment network. One of the intentions behind RuPay is to facilitate India’s entry into the global payments market through an indigenous card facility.So, why was RuPay launched?RuPay is meant to fulfil RBI’s vision of creating a ‘less cash’ economy. To this end, RuPay helped reach rural India …

Digital payment solution 'e-RUPI' to launched in India: What it means and how it works
3 years, 4 months ago

Digital payment solution 'e-RUPI' to launched in India: What it means and how it works

Firstpost  

Prime Minister Narendra Modi today launched e-RUPI, a person and purpose-specific digital payment solution. As per the official statement, “it also ensures that the payment to the service provider is made only after the transaction is completed.” The digital payment solution is developed by the National Payments Corporation of India on its UPI platform, in collaboration with the Department of …

NPCI turning for profit could help key stakeholders
3 years, 11 months ago

NPCI turning for profit could help key stakeholders

Live Mint  

RBI governor Shaktikanta Das had recently said that the National Payments Corporation of India will be given the option to convert itself into a for-profit entity to withstand competition from entrants in the payments space. Card payment scheme RuPay, payments system Immediate Payment Service, Unified Payments Interface, National Electronic Toll Collection, Aadhaar Enabled Payment System, and Bharat Bill Payment System …

NPCI introduces a new reloadable wallet feature for offline RuPay contactless payments
4 years ago

NPCI introduces a new reloadable wallet feature for offline RuPay contactless payments

Firstpost  

With the reloadable wallet feature, customers can store money to ensure quick transactions without any irregularities even if they have poor connectivity at the POS machines. The feature also provides reloadable wallets within RuPay Card for everyday transit payments as well. As per NCPI, the RuPay card comes with a reloadable wallet feature where customers can store money to ensure …

Explained: RuPay Cards Can Be Used for Offline Payments and Shopping
4 years ago

Explained: RuPay Cards Can Be Used for Offline Payments and Shopping

News 18  

The National Payments Corporation of India has announced that RuPay cards now support RuPay Contactless feature for retail payments in the country. The new feature essentially enables RuPay debit and credit card users to make offline payments at point-of-sale devices using Near-Field-Communication technology. We are confident that with the advent of the stellar RuPay contactless feature, the acceptance infrastructure for …

Narendra Modi and Bhutan PM Lotay Tshering jointly launch RuPay card Phase 2
4 years, 1 month ago

Narendra Modi and Bhutan PM Lotay Tshering jointly launch RuPay card Phase 2

Firstpost  

The RuPay cards issued by the Bhutan National Bank will allow card holders to use ATMs and point-of-sale terminals in India New Delhi: Prime Minister Narendra Modi along with his Bhutanese counterpart Lotay Tshering on Friday launched RuPay card Phase-II that will allow Bhutanese card holders to access the RuPay network in India. In his speech via video conferencing, Modi …

PM Modi, Bhutanese Counterpart Jointly Launch RuPay Card Phase-II
4 years, 1 month ago

PM Modi, Bhutanese Counterpart Jointly Launch RuPay Card Phase-II

News 18  

Prime Minister Narendra Modi along with his Bhutanese counterpart Lotay Tshering on Friday launched RuPay card Phase-II that will allow Bhutanese cardholders to access the RuPay network in India. The prime ministers of the two countries had jointly launched Phase-I of the project during Modi’s state visit to Bhutan in August last year. In his speech via video conferencing, Modi …

PM Modi, Bhutan PM jointly launch RuPay card Phase-II
4 years, 1 month ago

PM Modi, Bhutan PM jointly launch RuPay card Phase-II

The Hindu  

Prime Minister Narendra Modi along with his Bhutanese counterpart Lotay Tshering on Friday launched RuPay card Phase-II that will allow Bhutanese card holders to access the RuPay network in India. The prime ministers of the two countries had jointly launched Phase-I of the project during Mr. Modi’s state visit to Bhutan in August last year. In his speech via video …

PM Modi, Bhutanese Counterpart to Jointly Launch RuPay Card Phase-II on Friday
4 years, 1 month ago

PM Modi, Bhutanese Counterpart to Jointly Launch RuPay Card Phase-II on Friday

News 18  

Prime Minister Narendra Modi along with his Bhutanese counterpart Lotay Tshering will on Friday launch RuPay card Phase-II that will allow Bhutanese card holders to access RuPay network in India. The implementation of Phase-I of RuPay cards in Bhutan has enabled visitors from India to access ATMs and Point of Sale terminals across Bhutan. Phase-II will now allow Bhutanese card …

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