RuPay Cards

What exactly is a RuPay Card? Is it the same as the Visa/MasterCard or is it something different and better? Well looking at the host of offers and privileges that come with the card, coupled with lower transaction costs, the RuPay card does seem to have a edge over its international counterparts. What is a RuPay Card? RuPay stands for the combination of two words; Rupee & Payment. It is similar to the cards that we use, viz; Visa & MasterCard but with an Indian touch. This scheme was conceived by the NPCI, a RBI initiative and was launched on 26th March 2012. RuPay cards facilitate e-payments for all Indian financial institutions & banks. In fact, all the banks in India can authorize the issue of RuPay cards to its customers. Why was RuPay Card launched? It is no doubt that India is moving towards being one of the major players in the world, and it is of utmost importance that we have our own payment solution, and hence the Government decided to roll o...