The Indian Prime Minister emphasised how New Delhi has always given preference to Male and its people by launching multiple projects. This year, PM Modi said the State Bank of India (SBI) did a rollover of 100 million dollars of the Treasury Bench of Maldives.
In June 2022, the RBI allowed individuals to link their credit cards to UPI, enabling payments by simply scanning QR codes. Here's a look at how the system has expanded since then and who the major beneficiaries are.
Despite the challenges in their relationship, the Maldives is set to introduce India's RuPay service, hailed by a senior minister as a means to "strengthen the Maldivian Rufiyaa." RuPay, developed by the NPCI, stands as India's pioneering card payment network.
President Murmu also held a bilateral meeting with her Mauritian counterpart Prithvirajsing Roopun on Monday and presented him with a RuPay card. She also announced a special provision to grant an Overseas Citizenship of India (OCI) card to the 7th generation of Indian-origin people in Mauritius.
Sitharaman made the remarks at the prestigious Brookings Institute think-tank during a fireside chat with eminent economist Eshwar Prasad.
The purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in future foray into the market of e-gift cards, LIC CSL said in a statement.
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.
Prime Minister Narendra Modi along with his Bhutanese counterpart Lotay Tshering will on Friday launch RuPay card Phase-II that will allow Bhutanese cardholders to access the RuPay network in India.
The NPCI will provide discounts up to 65 percent on the various branded items purchase using RuPay card.
To take highly popular Unified Payments Interface (UPI), RuPay to more countries, the National Payments Corporation of India (NPCI) has announced the launch of a subsidiary for its international growth ambitions.
Indians travelling to the UAE, Singapore, Sri Lanka, the UK, the US, Spain, Switzerland and Thailand will be able to earn up to Rs 16,000 cashback per month by getting their RuPay International Card activated. Here are things you must know to avail the cashback benefit.
No MDR charges on transactions through RuPay cards and UPI payments will kill the digital payments industry, the Payments Council of India stated on Monday while criticising the government's move.
In a bid to promote digital payments, Finance Minister Nirmala Sitharaman on Saturday said no MDR charges will be applicable on transactions through homegrown RuPay and UPI platforms beginning January 1, 2020.
We all use Debit/Credit card for transactions, but do we know what is Master Card or a Visa Card of for that matter RuPay? What mainly are the differences between these? Let’s read out a few of the points to know about the facts in an enhanced way.
The card-based QR transactions (Bharat QR) MDR also has been reduced to 0.50 per cent with a maximum cap of Rs 150 per transaction, to boost asset lite infrastructure for digital payments.
Prime Minister Narendra Modi made the first RuPay card payment in UAE by swiping it from a mock Chhappan Bhog Abu Dhabi outlet and purchased one-kilogram laddoo. The prime minister will offer it as a 'prasad' at Shreenathji Temple in Bahrain on Sunday.
RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India's vision to have a domestic, open and multilateral system of payments. RuPay facilitates electronic payment at all Indian banks and financial institutions.
To keep the hassle-free cash withdrawal, banks introduced credit and debit cards for a paperless procedure to withdraw money from ATM machines and to get the ATM Card the applicant needs to apply it. These credit and debit cards are referred to as a type of Payment Gateway Card. These come in three types in India -- RuPay Card, Visa Card or MasterCard.
India had already launched the RuPay card in only two foreign countries - Singapore and Bhutan, he added. "We will have substantive bilateral discussions to further deepen our relationship across multiple sectors during the Prime Minister's visit.
New Delhi: India today launched its own payment gateway ‘RuPay', equivalent of Visa and Mastercard, which will work on ATMs and mechant outlets and help in reducing cash transactions.President Pranab Mukherjee unveiled the indigenous card
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