RuPay (portmanteau of Rupee and Payment) is an Indian multinational financial services and payment service system, conceived and launched by the National Payments Corporation of India (NPCI) in 2014.[1][2][3] It was created to fulfil the Reserve Bank of India's (RBI) vision of establishing a domestic, open and multilateral system of payments. RuPay facilitates electronic payment at all Indian banks and financial institutions.[4] NPCI maintains ties with Discover Financial and JCB to enable the RuPay Card scheme to gain international acceptance.[5][6]
As of November 2020, around 75.3 crores (750.3 million) RuPay cards have been issued by nearly 1,158 banks.[7] All merchant discount rate (MDR) charges were eliminated for RuPay transactions from 1 January 2020. All Indian companies with an annual turnover exceeding ₹50 crore (US$6.3 million) are required to offer RuPay Payment options to their customers.[8]
^"Rupay international website". Archived from the original on 2 December 2020. Retrieved 23 December 2020.
^"NPCI's RuPay debit cards to rival Visa and Mastercard". The Economic Times. 27 March 2012. Archived from the original on 25 July 2019. Retrieved 25 July 2019.
^"RuPay - Indigenous Payment Cards launched by NPCI for all Indian banks". rupay.co.in. Archived from the original on 12 August 2020. Retrieved 11 September 2020.
^"Finally, India card Rupay to replace Visa, MasterCard". The Times of India. Archived from the original on 24 January 2016. Retrieved 3 September 2019.
^"Discover Financial Services And National Payment Corporation Of India Announce Strategic Alliance Enabling Increased Network Acceptance". investorrelations.discover.com. Archived from the original on 5 January 2018. Retrieved 3 September 2019.
^"First JCB card issued in India with NPCI partnership". FinTech Futures. 24 July 2019. Archived from the original on 24 July 2019. Retrieved 25 July 2019.
^"RuPay's market share tops 60% in total cards issued, says RBI report". Business Standard. Archived from the original on 27 January 2021. Retrieved 28 January 2021.
^Sharma, Devansh; Nandi, Shreya (28 December 2019). "No MDR charges applicable on payment via RuPay, UPI from 1 Jan: Sitharaman". Mint. Archived from the original on 19 November 2021. Retrieved 19 November 2021.
Cards | RuPay". www.rupay.co.in. Archived from the original on 4 August 2020. Retrieved 25 July 2020. "SBM Bank India, EnKash, YAP and RuPay launch business...
Middle East to improve their payment infrastructure. Internationalization of RuPay and Unified Payment Interface (UPI) are the primary focus of the NPCI International...
Corporation Bank launched its RuPay Select and RuPay Platinum credit cards. RuPay credit cards are accepted at all RuPay-enabled 1.5 million-plus PoS terminals...
in association with SBM Bank and Rupay, launches limitless prepaid cards. SBM EnKash RuPay Business Card through RuPay network will offer a host of unique...
the user's linked bank account. It provides a common interface between RuPay, Mastercard, Visa and American Express, and is interoperable with all the...
the complaints by September 2022. From 8 June 2022, RBI allowed linking RuPay credit cards with UPI. Customers can now make credit card payments using...
enables the user to pay for travel, toll duties (toll tax), retail shopping and withdraw money. It is enabled through the RuPay card mechanism. The NCMC...
Prime Volleyball League (PVL), also known as RuPay Prime Volleyball League for sponsorship reasons, is a professional men's indoor volleyball league in...
RuPay and is planning to further integrate Unified Payment Interface (UPI) in collaboration with National Payments Corporation of India (NPCI). PayPal...
capitalization of Rs 66,386.78 crore. 2023 - Launched a UPI-based digital RuPay credit card. 2024 - Partnered with Infibeam's CCAvenue for country-wide...
credit and debit cards, many networks, such as Discover, JCB, UnionPay, BC Card, RuPay and TROY create alliances with other networks. "Amex, JCB enter joint...
2013-10-03. "RuPay card Launch". NPCI. March 2011. Archived from the original on 2011-08-16. Retrieved 2011-08-23. "India card to be called Rupay". 28 December...
bank to issue RuPay debit cards in Bhutan; in the same year it became a primary member of the VISA card network. BNB currently issues RuPay debit cards...
not just 650. Also, similar to the Mastercard/Diners agreement, China UnionPay cards are now treated as Discover cards and accepted on the Discover network...
2024 Prime Volleyball League (also known as PVL 2024 or RuPay PVL 2024) is the third season of the Prime Volleyball League, a franchise based Indian indoor...
States RuPay in India[citation needed] JCB in Japan[citation needed] BC Card in South Korea[citation needed] Mir in Russia[citation needed] UnionPay announced...
QUICPay (not compatible with EMV Contactless/ISO/IEC 14443) – JCB RuPay Contactless - RuPay Zip – Discover Roll-outs started in 2005 in the United States...
account holders from rural and semi-urban branches. A total of 227 million RuPay cards have been issued by National Payments Corporation of India (NPCI)...
inter-operable transport card enabling a user to pay for travel, tolls, shopping and cash. Enabled through RuPay, the NCMC was commissioned on the Airport Express...
Maestro RuPay Visa Visa Debit Visa Electron Visa payWave Payment service Atom BHIM BillDesk CCAvenue Google Pay Zeta India Digital wallets Amazon Pay Freecharge...
Payments Corporation of India Permanent account number Indian ration card RuPay Unified Payments Interface "Implementation of Bharat Bill Payment System...
Express, Discover Financial Services, Japan Credit Bureau, Mastercard, RuPay, UnionPay and Visa. Most companies use member banks that connect and accept transactions...
2023 Prime Volleyball League (also known as PVL 2023 or RuPay PVL 2023) was the second season of the Prime Volleyball League, a franchise based Indian...
AEIPS: American Express UICS: China Union Pay J Smart: JCB D-PAS: Discover/Diners Club International Rupay: NPCI Verve Visa and Mastercard have also developed...
Maestro RuPay Visa Visa Debit Visa Electron Visa payWave Payment service Atom BHIM BillDesk CCAvenue Google Pay Zeta India Digital wallets Amazon Pay Freecharge...
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