RuPay: News

07 Oct 2024

Maldives

You can now use RuPay cards for payments in Maldives 

In a bid to strengthen financial cooperation, India has launched the RuPay card in the Maldives.

Digital transactions in FY25's first 5 months hit ₹1,669L crore 

The Union Finance Ministry has reported a significant rise in the value of digital payments, reaching ₹1,669 lakh crore within the initial five months (April-August) of the current fiscal year 2024-25.

07 Sep 2024

GST

Payment aggregators receive GST notices for transactions below ₹2,000

Leading payment aggregators BillDesk and CCAvenue have been issued notices by the Goods and Services Tax (GST) authorities.

UPI transactions hit record high of 14.96 billion in August

The Unified Payments Interface (UPI) has set a new record with 14.96 billion transactions in August 2024, marking a significant year-on-year (YoY) growth of 41%, according to data from the National Payments Corporation of India (NPCI).

27 Oct 2023

Reliance Industries

Reliance partners with SBI to launch co-branded credit cards

Reliance is gearing up to join the rapidly expanding co-branded credit card sector in India.

RBI allows RuPay Prepaid Forex card: Know how it works

Indians traveling abroad will soon have another option to make payments-RuPay Prepaid Forex card.

23 May 2023

Google Pay (Gpay)

Google Pay launches RuPay credit card-based UPI to rival PhonePe

PhonePe and Google Pay are the two dominant forces in India's UPI space. While the former has been making moves to enhance its superiority, Google has been awfully quiet over the past few months.

RuPay introduces CVV-less card payments: How it works

Checking the CVV (card verification value) before making any payment is one of the hassles associated with credit or debit cards. India's homegrown card network Rupay has a solution for this: CVV-less payments.

No charge for RuPay credit cardholders on low-value UPI transactions

National Payments Corporation of India (NPCI) has a piece of good news for customers and merchants. No charge will be levied on UPI transactions of up to Rs. 2,000 when using a RuPay credit card.

RBI allows linking of credit cards with UPI: Details here

UPI or Unified Payment Interface transactions have made life simpler for Indians. It is about to get even simpler, as the Reserve Bank of India (RBI) has allowed linking credit cards to UPI network.

05 Mar 2019

India

One Nation One Card: All you need to know

In a bid to facilitate seamless travel payments across the country, Prime Minister Narendra Modi launched a new initiative termed 'One Nation One Card.'

27 Oct 2018

India

#FinancialBytes: All about India's very own desi RuPay card

The National Payments Corporation of India (NPCI) launched the country's first indigenous card scheme called 'RuPay' in 2012, to deal with the monopoly of international card networks- MasterCard and Visa.

24 Oct 2018

Indian Railways

IRCTC: Bank transaction charges while using Netbanking, Cards and Mobile-Wallets

Indian Railways Catering and Tourism and Corporation (IRCTC) offers the facility of booking train tickets online, via its website and mobile app.

Now, you can transfer money between mobile wallets, courtesy RBI

Keeping its 2017 promise, the Reserve Bank of India (RBI), on Tuesday, issued final guidelines allowing the interoperability of prepaid payment instruments (PPIs) or mobile wallets.

21 Aug 2018

India

#FinancialBytes: All about India's very own desi RuPay card

The National Payments Corporation of India (NPCI) launched the country's first indigenous card scheme called 'RuPay' in 2012, to deal with the monopoly of international card networks- MasterCard and Visa.

Pune: Cosmos Bank's server hacked; over Rs. 94cr siphoned off

Hackers managed to transfer over Rs. 94 crore through a malware attack on the server of Pune-based Cosmos Bank and cloning thousands of the bank's debit cards.

29 Jun 2018

India

#FinancialBytes: All about India's very own desi RuPay card

The National Payments Corporation of India (NPCI) launched the country's first indigenous card scheme called 'RuPay' in 2012, to deal with the monopoly of international card networks- MasterCard and Visa.

02 Jun 2018

Narendra Modi

#ModiInSingapore: PM purchases Madhubani painting using a RuPay card

Prime Minister Narendra Modi today purchased a Madhubani painting using a RuPay card during his visit to the Indian Heritage Center in Singapore.

31 May 2018

Narendra Modi

PM Modi launches three Indian digital payments apps in Singapore

Prime Minister Narendra Modi today launched three Indian mobile payments apps, BHIM, RuPay, and SBI, in Singapore at "Business, Innovation and Community Event" aimed at internationalization of the country's digital payments platform.

02 Sep 2017

India

No more minimum balance hassles with this SBI account

Tired of having to maintain a minimum balance for your savings account? Worry not, SBI has a solution.

20 Feb 2017

India

BharatQR code launched today for seamless payments

To enable seamless retail payments, the government today launched BharatQR code. The quick response (QR) code will enable digital payments without card swiping machines.

Banks free to fix charges on cashless transactions

To encourage greater participation by banks in developing cashless economy, the Reserve Bank of India (RBI) has allowed them the freedom to fix service charges on cashless transactions.

Government to bear debit, credit card payment transaction costs

On Tuesday, a memorandum issued by the finance ministry stated that the Government will bear the transaction cost for all payments made to it through debit or credit cards and net banking.