Muizzu, who is on a four-day state visit, held talks with Prime Minister Modi at the Hyderabad House in New Delhi. After the talks, India also handed over 700 social housing units to the Maldives built under the EXIM Bank’s buyer’s credit facilities.
When the government was formed in 2014, the first decision was taken in the direction of financial inclusion. The Pradhan Mantri Jan Dhan Yojna was introduced to provide free bank accounts to citizens alien to the banking system. Today the scheme completed 10 years of its implementation.
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.
The Ministry underscored that the development will facilitate the growth of e-commerce and digital transactions in the UAE, bolster financial inclusion, support the UAE's digitisation agenda, increase alternate payment options, reduce the cost of payments, and enhance the UAE's competitiveness.
Credit, debit or prepaid card users will be able to switch or select their preferred card network in a shift from the current practice, the Reserve Bank of India said in a circular.
RuPay credit cards can also be linked to UPI, allowing users to pay using popular UPI apps like Paytm, PhonePe, and Google Pay.
The approved incentive scheme will focus on promoting Point-of-Sale (PoS) and e-commerce transactions using RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for the current financial year FY 2022-23.
The card will also simplify the everyday purchases of customers with secure and convenient contactless payments, he added.
Passengers travelling on the Airport Line need not to buy a separate token or card to board a train. Passengers carrying a RuPay-Debit card can now gain entry into the station premises and board a train.
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.
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.
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.
New Delhi: Banks have collected deposits of close to Rs.1,500 crore under the Jan Dhan scheme, while a survey of unbanked households is expected to complete by mid-October, the government Thursday said."Banks have collected deposits
New Delhi: Prime Minister Narendra Modi has launched Jan Dhan Yojana, a mega financial inclusion plan under which bank accounts and RuPay debit cards with inbuilt insurance cover of Rs 1 lakh will be provided
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