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Govt body running payment system RuPay valued at $70M

Wednesday, January 13, 2016 | More »

NPCI
Public sector lender Corporation Bank said it will acquire 1.06 per cent stake in National Payments Corporation of India (NPCI), the government body running payment network under the banner RuPay. The Mangalore-based bank will subscribe to 1,42,000 shares representing 1.06 per cent stake in the reta...

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RuPay cards of all PSBs are now e-commerce enabled: NPCI

The National Payments Corporation of India (NPCI) today said it has completed system integrations to enable e-commerce transactions through RuPay cards of the public sector banks. “RuPay card holders of all public sector banks are now eCommerce enabled. Card-holders can now conveniently purcha...

6 April, 2015 | More »

RuPay

7M RuPay cards issued in first year; pre-paid ​version for train tickets on IRCTC in the offing

As many as seven million cards based on the indigenously developed card payment network RuPay, an alternative to the Visa and Mastercard networks, have been issued within one year of launch of the network, as per a government note. RuPay, developed by the National Payments Corporation of India (NPCI...

9 May, 2014 | More »

RBI Announces Rupay, Our Very Own Rupee Card

In a boost to India’s nascent payment ecosystem, the Reserve Bank of India (RBI) is readying to launch the Rupay card, a domestic counter to leading global credit card companies AmEx, Visa and MasterCard. The National Payments Corporation of India (NPCI) will launch a debit/ ATM card followed...

23 March, 2011 | More »