Rupay

Over 38 crore RuPay cards have been issued to account holders under the scheme, which was launched on August 28, 2014

Lack of revenue model on UPI might push more fintechs towards Rupay credit card

Rupay credit cards can be linked with a UPI account and attract MDR, which generates revenue for ecosystem partners

Fintechs see Rupay UPI credit card as the next growth engine

While the product is two years old, several fintech players are realising only now that this could be a profitable model to build a UPI payments business.

RuPay’s credit card market share rises to 12 percent in 2024, transaction volume growing 20% monthly

The cumulative monthly transaction value of Rupay is around Rs 14,000 crore a month, while the overall credit card network value is around Rs 1.8 lakh crore, which translates into a 7.5 percent market share

20 more fintechs secure UPI app licence to take on PhonePe and Google Pay

A large majority of those are either launching or planning to launch Rupay credit cards that can be linked to UPI, which offers customer rewards of cards and cashbacks of UPI apart from credit free period

India introduces RuPay card in Maldives amid strengthening bilateral talks

Modi also highlighted India’s consistent support to the Maldives during times of crisis, referencing India's swift assistance during the COVID-19 pandemic and other emergencies.

Payments companies expect higher UPI subsidies in Budget

In May, UPI set another record as it processed more than 14 billion transactions worth Rs 20.45 lakh crore or Rs 20.45 trillion, according to data issued by the National Payments Corporation of India (NPCI).

Why credit line on UPI has not taken off yet

The lack of a strong business case for any of the participants in the ecosystem means that none of them are keen to take the product to the market.

RBI's card network portability circular is open to different interpretations, may require more clarification

The interpretation in itself would make a world of difference in terms of cost, obligations and even customer convenience and continuity. However, this could also mean that the guidelines are not followed in letter and spirit

MC Explainer | UPI in UAE: Full list of nations that adopted India's payment system

The introduction of UPI services in Abu Dhabi marked a significant milestone in India-UAE relations, showcasing the commitment of both nations to enhance financial connectivity and promote digital innovation. During the bilateral meeting between PM Modi and UAE President Sheikh Mohammed Bin Zayed Al Nahyan on February 13, several MoUs were exchanged, reflecting the multifaceted nature of the strategic partnership between New Delhi and Abu Dhabi.

India's UPI to be launched in Sri Lanka, Mauritius today

Apart from the the Unified Payments Interface, or UPI, RuPay card services will also be launched in Mauritius.

Rupay credit card monthly spending crosses Rs 10,000 crore; doubles market share

The number of Rupay credit cards in circulation crossed 10 million in December, which is a little more than 10 percent of the overall credit cards in circulation.

Should you link your RuPay credit card to UPI? | Benefits & FAQs

RBI has recently allowed the integration of UPI with RuPay credit cards. With it, you can now make credit card transactions with your UPI. But how can you link it and what are the benefits? Watch this video to find out!

Linking RuPay credit cards to UPI: Why it helps, and where it doesn’t

In-person credit card payments are only possible at shops and merchants who have POS machines. However, linking a credit card to UPI offers users a wider choice in merchants, as most have already set up QR codes to receive payments via UPI. This allows users to make credit card payments at smaller shops that do not have POS machines.

Rupay credit card payments through UPI hits the MDR speedbreaker

A large number of small and large merchants have requested their banks to disable payments via Rupay credit cards on UPI as they are often forced to pay higher MDR than on other credit card transactions.

Rupay goes international; UAE to use the tech for creating domestic card network

NPCI International announced a strategic partnership with Al Etihad Payments (AEP) to advance the development of the UAE’s first national Domestic Card Scheme

Visa, Mastercard, American Express or RuPay | Which credit card network would you choose?

Data suggests that there has been a surge in the credit card usage to make payments. As per data, RBI has issued over 8.5 crore credit cards as of April 2023 In India, there are five credit card network providers – Visa, Mastercard, Rupay, American Express or Diners Club. Till date, these credit card networks are pre-determined depending on the agreement between the banks and the networks. On July 07, 2023 RBI circulated a proposal to the banks that allows customers to choose from the credit card network from October 01, 2023.

Kotak Mahindra Bank customers can now use RuPay credit cards on UPI

Kotak Mahindra Bank customers can select from seven RuPay Credit Cards to use seamlessly on UPI, the bank said in a statement.

With forex cards, RuPay looks to make a mark globally. Here's all that you need to know about the payment network

Just like Visa and Mastercard, RuPay is a card payment network. Unlike the former two, RuPay is home-grown. Many credit and debit cards work on RuPay. Now the RBI has allowed forex cards to be launched on the RuPay network.

BOB Financial opens up its entire RuPay Credit Card base for linking on UPI

BFSL is a wholly owned subsidiary of Bank of Baroda, and National Payments Corporation of India (NPCI).

India, Russia to explore possibility of the use of RuPay and Mir cards

India and Russia will explore the possibility of accepting RuPay and Mir cards in each other's country for hassle-free payments amid ..

Zaggle to collaborate with NPCI for contactless credit cards on RuPay

According to the press release, Zaggle and NPCI along with partner banks would use this platform to launch multiple credit cards to address the ever-growing demand of Corporates, SMEs, and consumers.

Anand Mahindra: 'India's success in creating a unique digital payment system is stunning'

Anand Mahindra's tweet also opened a debate regarding the different modes of digital payment available to Indians.

NPCI collaborates with Worldline to support UPI, RuPay payments in Europe

The tie-up is aimed at mitigating the "risk of excluding or limiting Indian customers from safely using electronic payments in the EU", Worldline Deputy CEO said.

RuPay credit cards on UPI: Small merchants not to be charged for transactions up to Rs 2,000

For all other transactions, existing interchange charges applicable on RuPay credit cards will be levied, the National Payments Corporation of India said in a circular.