GANGTOK, 07 May [PIB]: President Pranab Mukherjee will
dedicate ‘RuPay’, India’s own card payment network, to the nation on Thursday (08
May) at a function at Rashtrapati Bhavan.
The RuPay card is accepted at all the ATMs (1,60,000+), 95%
of PoS terminals (9,45,000+) and most of the eCom merchants (10,000+) in the
country. A variant of the card called ‘Kisan Card’ is now being issued by all
the Public Sector banks in addition to the mainstream debit card which has been
issued by 43 banks. A variant of Pre-paid RuPay card would shortly be launched
by IRCTC.
More than 150 Cooperative banks and the Regional Rural Banks
(RRBs) in the country have also issued RuPay ATM cards. The total number of
cards issued as on date is 17 Million and is growing at a rate of about 3
Million per month. This card symbolizes the capabilities of banking industry in
India to build a card payment network so that dependency on international card
scheme is minimized.
‘RuPay’ is developed by National Payments Corporation of
India (NPCI) – a ‘not-for-profit’ Company envisioned by Reserve Bank of India
and created by the banking industry.
No comments:
Post a Comment
Readers are invited to comment on, criticise, run down, even appreciate if they like something in this blog. Comments carrying abusive/ indecorous language and personal attacks, except when against the people working on this blog, will be deleted. It will be exciting for all to enjoy some earnest debates on this blog...