Ater card platforms suspended Russian clients' access to merchants overseas, the link between plastic and politics has acquired a more serious dimension.
NPCI is focusing on gaining new customers to expand the indigenous RuPay-enabled credit card base, as the retail payments umbrella body is still a new entrant in this space, a top official said.
Financial outlay for one year is Rs1,300 cr
Mastercard Inc has raised similar concerns privately with the USTR
Fuel retailer BPCL and SBI Card on Thursday announced the launch of a co-branded RuPay contactless credit card, offering fuel and other benefits. Bharat Petroleum Corporation Limited (BPCL) and SBI Card have joined hands to launch the 'BPCL SBI Card co-branded RuPay Contactless Credit Card', according to a joint release. The card will provide rewarding fuel savings and other benefits to the customers, it said. The card will offer 13X reward points on every Rs 100 spent on fuel purchases at BPCL petrol pumps and a 1 per cent fuel surcharge waiver on every transaction up to Rs 4,000, translating to 4.25 per cent value back. Cardholders will also get accelerated savings on other categories of spends, which include groceries, departmental stores, dining, and movies. They will get 5X reward points on every Rs 100 spent on groceries, departmental stores, movies, and dining, among others. Besides, the customers can earn 2,000 activation bonus reward points worth Rs 500 on payment of the
RuPay, operated by the National Payments Corporation of India (NPCI), is India's homegrown card network
The Covid-19 pandemic has accelerated the adoption of digital payments in India
The prime ministers of the two countries had jointly launched Phase-I of the project during Modi''s state visit to Bhutan in August last year
Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman
Customers will be able to avail discounts ranging from 10-65 per cent on top brands, including Amazon, Swiggy, Samsung, among others
The campaign launched by the bank's Managing Director S S Mallikarjuna Rao on the occasion of Independence Day is till March 31, 2021
The govt audit highlights a lack of encryption of personal data at the National Payments Corporation of India (NPCI) which forms the backbone of the country's digital payments system
Indians travelling to the UAE, Singapore, Sri Lanka, the UK, the US, Spain, Switzerland and Thailand will be able to earn up to Rs 16,000 cashback per month
Companies with turnover of over Rs 50 crore to pay Rs 5,000 per day as penalty
India has already launched the RuPay card in Singapore and Bhutan
The target group is working males and females in the age group of 21-50 years