The card offers cashback of a flat 3 per cent on online food delivery across all restaurant aggregators and local commutes on leading ride-hailing apps
The report suggests that demand for Rupay credit cards went up by 37 per cent on quarter in the July-September period across India's 706 small towns and cities.
Travel and forex services company Thomas Cook (India) on Thursday said it has partnered with National Payments Corporation of India (NPCI) to launch a RuPay prepaid forex card for Indians travelling to the UAE as a pilot. "We are bullish about our forex card business and I am delighted to partner with NPCI for the upcoming launch of our pioneering RuPay prepaid forex card. "This unique Made in India initiative will go live with UAE as the pilot destination, followed by a phase wise global rollout," Thomas Cook (India) Managing Director and Chief Executive Officer Mahesh Iyer said in a statement. Thomas Cook RuPay card will be offering many benefits, including Thomas Cook travel vouchers worth Rs 13,900, lounge access at International Airports in India, free ATM withdrawal, free replacement on loss of card, complimentary insurance cover and more, he added. NPCI said, "We extend gratitude to our partners, Thomas Cook and Card91, for their collaborative efforts in crafting and develop
The Reserve Bank of India had in June allowed the banks to issue Rupay forex cards
To drive card payments and reduce dependence on cash, the government had abolished merchant service fees on transactions with state-owned RuPay cards from January 2020.
SBI Card and National Payments Corporation of India on Thursday announced the linking of SBI credit cards on RuPay platform with UPI. SBI Card customers will now be able to make UPI transactions through credit cards issued on RuPay. The facility can be availed of by registering the credit card with third-party UPI apps, SBI Card, a subsidiary of the State Bank of India, said in a statement. This will further enhance avenues for customers using SBI Card on RuPay platform for UPI transactions, thereby facilitating enhanced, convenient, and seamless payments experience, it said. "Today, UPI has become a massive digital platform enabling millions of transactions every day. This should give our customers greater flexibility and mobility, along with hassle-free usage. With this, the industry is going to witness a significant increase in credit card usage," it said. Cardholders can enrol their active primary cards on UPI and make payments to merchants (P2M transactions) using their credi
According to CRED, this initiative will benefit banks and merchants through increased consumption and inclusion in the credit ecosystem
RuPay cards crossed the 10,000 mark in Bhutan. BHNL RuPay debit cards are widely accepted in more than 265,994 ATMs and 7.9 million PoS terminals to withdraw cash, balance inquiries and make payment
Priority Pass Access India has partnered with the National Payments Corporation of India, offering airport lounge access to RuPay card holders
When you are travelling abroad you have broadly three easy options for making transactions - Prepaid cards, Debit Cards and Credit Cards.
Das said the Rupay prepaid forex cards will expand the payment options for Indians going abroad
As of January 2022, there were 65 crore RuPay debit cards in circulation, accounting for 65% of the total debit cards issued
BoB Credit Card customers can now use their RuPay Credit Cards on UPI with BHIM and other UPI-enabled Apps, BOB Financial Solutions Ltd (BFSL) said on Wednesday. BFSL is a wholly owned subsidiary of Bank of Baroda, and National Payments Corporation of India (NPCI). This enablement would open doors for Bank of Baroda RuPay Credit Card users to transact across all the merchant outlets with QR codes and POS devices in the country backed by convenience and security assurance of UPI, a joint statement said. Credit Card on UPI gives our customers access to the ease and convenience of transacting on UPI while they continue to enjoy the benefits of a credit card, BoB managing director Sanjiv Chadha said. BoB RuPay credit card customers can now directly link their credit cards with the UPI applications of their choice, such as BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik and PayZapp. "And they do not even have to carry the card with them. With this launch, we expect a significant rise
The implementation of the National Common Mobility Card (NCMC) and QR-based tickets will enable seamless travel by metro rails and other transport systems across the country
MDR is a fee charged to a merchant for the payment processing of debit and credit card transactions. It is also referred to as the transaction discount rate (TDR)
This feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank, and Union Bank of India
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces to further drive the growth of inclusive, digital-first financial services in the country. Paytm founder and CEO Vijay Shekhar Sharma told reporters that India is at the cusp of the next payments revolution where credit will become the mainstream payment choice. "Together with SBI Card, Paytm RuPay credit card will be a great choice for consumers. Our users are already savvy on QR code-based payments and with RuPay credit cards working on UPI QR codes, transactions through mobile phones will get a further boost, marking a new era in digital payments," he added. Cardholders of either variant will be entitled to 2 per cent cashback on all Paytm ecosyste
The National Payments Corporation of India (NPCI) on Monday said RuPay has now introduced the CVV (Card Verification Value) free payment experience for its debit, credit and prepaid cardholders who have tokenized their cards on the merchant application or webpage. This new CVV-less experience ensures that the cardholder will not have to reach out to their wallet or remember any card details, if they have saved (tokenized) their card on the ecommerce merchant which supports this feature, NPCI said in a statement. Tokenization is a simple technology to secure card transactions without sharing the clear or real card details with the merchants. When a cardholder opts to save their card for a domestic ecommerce transaction, they authenticate the transaction through the card details (Card number, CVV, Card expiry date) as a one time activity followed by entering the OTP (two-factor authentication), the details are then Tokenized and saved with the merchant, it said. This safeguards the c
National Payments Corporation of India (NPCI) is exploring options for further tie-ups to strengthen the global acceptability of RuPay debit cards. Currently, RuPay cards are accepted at the points of sale (PoS) machine powered by Discover of the US, Diners Club, JCB of Japan, Pulse and Union Pay of China. This needs to be strengthened, and NPCI is working in this direction so that users of RuPay cards are at par with those using Visa or Mastercard, sources said. In March 2012, RuPay went global by tying up with Discover Financial Services to bring international services to Indians. It has strengthened its network capabilities by launching RuPay JCB Global Card in association with JCB International Co Ltd in July 2019. The RuPay JCB Global card can be used at RuPay card accepting points in India and JCB card accepting points outside India for PoS, E-Commerce and ATM. RuPay, a product of NPCI, is the domestic card payment network of India, with wide acceptance at ATMs, POS devices
The feature seeks to include 50 million UPI merchants in the formal credit economy and drive consumption in a big way