Updated: 20-02-2019 05:56:51 AM
What is RuPay?
RuPay is an Indian domestic card scheme launched by National Payments Corporation of India (NPCI) to consolidate and integrate various payments. The aim of RuPay is to fulfil the desire of having an open loop, domestic and multilateral payments in India. Launched on 26 March 2012, RuPay cards have seen a colossal growth and have emerged as a strong competition to VISA and MasterCard. RuPay is an amalgamation of two words- Rupee and Payment and its logo is an allusion to the tricolour national flag. NPCI has partnered with Discover Financial Services (DFS) to enable RuPay card scheme gain acceptance internationally on Discover’s global payment network.