According to a report by Fibonacci X, a venture platform, India’s RuPay network holds 69 percent of the debit card market as of CY23, while UPI transaction volumes grew 6.5 times between 2020 and 2023
RuPay Prepaid Forex cards can be used at ATMs, PoS machines, and online merchants overseas. This development brings forth enhanced convenience and efficiency for individuals and businesses engaged in international trade.
Monetary Policy Meet; RBI governor Shaktikanta Das has also said that banks will be allowed to issue RuPay prepaid forex cards for use at ATMs and PoS machines
A question being widely debated is whether MDR should be charged for UPI transactions.
The 'RuPay Festive Carnival' will provide compelling benefits and attractive discounts to RuPay users, aimed at encouraging safe, contactless and cashless payments, NPCI said in a release.
Soon paying for your cinema ticket or buying prescription pills over the counter will become easier and less time conusming. In a move to make retail payments seamless, the RBI today introduced BharatQR or quick response platform.
In a statement here, Singh said the decisions announced by the Prime Minister last evening were "pro-people" and "pro-development" and that he was taking the country forward with his vision and leadership.
In addition to daily and weekly awards, on April 14, 2017 a mega draw will be held offering three prizes of Rs 1 crore, Rs 50 lakh and Rs 25 lakh for the consumers under the ‘Lucky Grahak Yojana‘ and Rs 50 lakh, 25 lakh and Rs 5 lakh for merchants under the ‘Digi Dhan Vyapari Yojana.‘
Finally it's here! The much talked about India card which will replace global payment players MasterCard and Visa in India. CNBC-TV18’s Gopika Gopakumar finds out more about the Rupay Cards.