Diabytes
Rupay Card News
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Mastercard, Visa And Rupay Card In India: Since September 2024, the Reserve Bank of India has given customers the freedom to choose their cards. Customers can now select the card of their choice.
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Last week, the cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions in the current fiscal.
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National Payments Corporation of India (NPCI) launched the Rupay credit card on UPI platform
Experts say UPI on Credit Card is likely to be a game changer
PNB, Union Bank and Indian Bank to offer RuPay Credit cards at first
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PNB announces pre-qualified credit card.
Salaried account customers will have access to the service.
PNB will offer the service via the Rupay and VISA platforms.
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"Introduction of RuPay card in Nepal will add a new chapter to our financial connectivity," Modi said.
The Ministry of External Affairs said the launch of the card in Nepal would open new vistas for cooperation in financial connectivity.
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PM Modi along with Bhutan PM jointly launched Rupay card's phase two.
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PM Narendra Modi and the Bhutanese PM will launch Phase 2 of RuPay card under which Bhutanese cardholders will able to access the RuPay network in India.
India and Bhutan share a special partnership, said the Centre.
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CBDT advised banks not to impose any charges on any future transactions carried out through these modes.
Banks are advised to immediately refund the charges collected on or after January 1, 2020
CBDT had in December 2019 clarified that any charge shall not be applicable on or after January 1, 2020.
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Prime Minister Narendra Modi on Saturday launched the RuPay card in Abu Dhabi, formally making the UAE the first middle eastern country to initiate India's indigenous equivalent of Mastercard or Visa.
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This segment of DNA brings to you important stories of the day. Watch this video for more info.
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Prime Minister Narendra Modi, who is on a two-day state visit to Bhutan, on Saturday launched the RuPay Card by making a purchase at Simtokha Dzong. Watch this video to know more.
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PM Modi, who is on a 2-day visit to the south Asian country, said, "I am very happy that I have come to Bhutan soon after the beginning of my second term."
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The Prime Minister also planted a Cypress tree sapling at Simtokha Dzong.
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The RuPay card is a digital payment platform whose benefits include lower transaction cost as the processing is done within India, which also leads to faster transactions.
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Modi asked people to link RuPay card, mobiles and bank services with Aadhaar.
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According to the report, the usage of debit card has been weak and the total debit card transactions have seen a modest decline -- both in terms of value and volume.
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An EMI payment of Rs 1,590 for a newly bought mobile phone has earned a mega lottery of Rs 1 crore for 20 year-old engineering student Shradha Mohan Mengshette under the government's Lucky Grahak Yojana.
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Government has extended RuPay card usage condition to 90 days for a claim under an in-built accident insurance cover in case of RuPay Classic cardholders with effect from November 25, 2015.
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However, claim intimations on RuPay Classic cards where accident has occurred before November 24, 2015 will not be eligible for claim benefit under 90 days usage condition.
It is interesting to note that, of the 580 million debit cards used in India, 190 million are said to be RuPay card, a huge achievement for a year old card.
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