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Payments Council of India seeks merchant discount rate for RuPay cards, UPI payment

March 25, 2025 2:12 am

This approach aligns with existing MDR structures for other digital payment instruments, such as credit cards (approximately 2 per cent) and non-RuPay debit cards (approximately 0.9 per cent)

Maldives to launch India's RuPay service

May 23, 2024 9:38 pm

“The upcoming launch of India's RuPay service is anticipated to further bolster the Maldivian rufiyaa (MVR),” Minister of Economic Development and Trade told state-run PSM News on Wednesday.

Modi, Nahyan launch RuPay card at Abu Dabhi

February 13, 2024 6:19 pm

President Nahyan swiped a card embossed with his name to mark the start of the service in Abu Dabhi.

PM Modi launched UPI and Rupay payment services in Sri Lanka and Mauritius (File Image)

As UPI launches in Sri Lanka and Mauritius, PM Modi calls it ‘uniting partners with India’

February 13, 2024 12:46 am

UPI in Sri Lanka and Mauritius: This launch will enable the availability of UPI settlement services for Indian nationals visiting Sri Lanka and Mauritius as well as for Mauritian nationals coming to India.

Kotak Mahindra Bank customers can now use RuPay credit cards on UPI

June 28, 2023 2:38 pm

With the linkage of Kotak RuPay Credit Cards on UPI, customers would not need to use their physical Credit Card, the private bank said.

RuPay cards to digital lending: What has RBI announced

June 08, 2023 8:51 pm

RuPay debit, credit and prepaid cards will be enabled for issuance in foreign jurisdictions, which can be used internationally, including in India.

RuPay goes live on CVV-less payments for tokenised cards

May 15, 2023 1:33 pm

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.

RuPay Debit card, BHIM, UPI transactions, UPI transactions, BHIM-UPI transactions, Nirmala Sitharaman, Bhupender Yadav, Business news, Indian express, Current Affairs

Centre clears Rs 2,600 cr scheme to promote RuPay, BHIM-UPI

January 12, 2023 8:06 am

Finance Minister Nirmala Sitharaman, in her Budget speech 2022-23, had announced government’s intent to continue the financial support for digital payments announced in the previous Budget, with a focus on promoting use of payment platforms that are economical and user-friendly.

Cabinet approves Rs 2,600 crore scheme to promote RuPay debit cards, low-value BHIM-UPI transactions

January 11, 2023 4:33 pm

Under the scheme, banks would be given financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year.

India in talks with different countries to make Rupay acceptable in their nation: Nirmala Sitharaman

October 12, 2022 7:59 am

“Not just that, the UPI, the BHIM app, and NCPI are all now being worked in such a way that their systems in their respective country, however, robust or otherwise can talk to our system and the inter-operability itself will give strength for Indians expertise in those countries,” she said.