National Payments Corporation of India (NPCI) had launched RuPay which is an Indian domestic card scheme. RuPay has been conceived keeping in mind the fact that India is one of the largest economies in the world and offers huge potential for card penetration. People these days prefer using cards to pay their bills instead of cash as it is more convenient. The foreign-based Mastercards and Visa cards are popular in the Indian markets and they are expensive, too.
NPCI had initially launched the IndiaPay, but the name was later changed to RuPay. The two words, Rupees and Payment are combined to form the word RuPay, which is parallel to both Master and Visa cards.
The Prime Minister of India is planning to introduce this card, which is specially made for the Indian population, to the International market. The new account holders will be getting these new RuPay cards and the latest Jan Dhan Yojana is facilitating it. Like the Master and the Visa cards, the RuPay card has a special chip technology which offers more security feature.
There are some advantages and special benefits for the users of the RuPay cards.
National Payments Corporation of India (NPCI) had launched RuPay which is an Indian domestic card scheme. RuPay has been conceived keeping in mind the fact that India is one of the largest economies in the world and offers huge potential for card penetration. People these days prefer using cards to pay their bills instead of cash as it is more convenient. The foreign-based Mastercards and Visa cards are popular in the Indian markets and they are expensive, too.
NPCI had initially launched the IndiaPay, but the name was later changed to RuPay. The two words, Rupees and Payment are combined to form the word RuPay, which is parallel to both Master and Visa cards.
The Prime Minister of India is planning to introduce this card, which is specially made for the Indian population, to the International market. The new account holders will be getting these new RuPay cards and the latest Jan Dhan Yojana is facilitating it. Like the Master and the Visa cards, the RuPay card has a special chip technology which offers more security feature.
There are some advantages and special benefits for the users of the RuPay cards.
