Important Details of RuPay Cards
- RuPay is a combination of ii words — Rupee and Payment.
- RuPay Card is an Indian version of credit/debit card.
- It is really similar to international cards such equally Visa/Master.
- RuPay is the Indian domestic bill of fare payment network educate yesteryear National Payments Corporation of Bharat (NPCI) at the behest of banks inwards Bharat amongst the approving of Reserve Bank of India.
- It is created to fulfill the Reserve Bank of India’s wish to possess got a domestic, opened upward loop, together with multilateral organisation of payments inwards India.
- RuPay facilitates electronic payment at all Indian banks together with fiscal institutions, together with comp-etes amongst Master Card together with Visa inwards India.
- NPCI maintains ties amongst Disc-over Financial to enable the bill of fare system to gain international acceptance.
- National Payments Corporation of Bharat (NPCI) has a excogitation to render a sum arrive at of bill of fare payment services including the RuPay ATM, RuPay Micro ATM, Debit, Prepaid together with Credit Cards which volition live on accepted inwards Bharat together with abroad, across diverse channels similar POS, Internet, IVR together with mobile etc.
- The initial focus of NPCI would live on to approach those banks who possess got non been issuing whatever payment bill of fare at all to a greater extent than specifically — Regional Rural Banks (RRBs) together with urban co-operative banks.
- RuPay cards are accepted at all automated teller machines (A T-Ms) across Bharat nether National Financial Switch, together with nether the NPCI’s understanding amongst DFS. RuPay cards are accepted on the international Discover network.
- According to the information published yesteryear National Payments Corpora-tion of India, at that spot are some 145270 ATMs together with to a greater extent than than 875000 Point of Sale (PoS) terminals inwards Bharat nether the RuPay platform.
- In improver to theATMs together with PoS terminals, RuPay cards are acce-pted online on 10,000 e-comme-rce websites amongst the same AN which they move for ATM transa-ctions.
- RuPay cards are accepted at all PoS terminals inwards India.
- To en-able this, RuPay has certified 29 major banks inwards Bharat to convey the RuPay bill of fare at their respective PoS terminals located at dissimilar merchant locations.
- NPCI has rolled out its chip bill of fare for high safety transactions using EMV (Europay, Master-Card together with Visa) chip technology, which is a global touchstone for debit together with credit cards.
- RuPay chip cards possess got an embedded microprocessor circuit contain-ing information virtually the bill of fare holder together with because transactions are AN-based rather than signa-ture-based.
- RuPay likewise provides a unified “Kisan Card”, issued yesteryear banks across the province nether Kisan Credit Card, enabling farmers to transact concern on ATMs together with PoS terminals.