Rupay card : Issuing agency

Q.  Rupay card is launched by -
- Published on 16 Nov 15

a. National Payments Corporation of India
b. Reserve Bank of India
c. State bank of India
d. Finance ministry

ANSWER: National Payments Corporation of India
 
- Rupay card is launched by launched by the National Payments Corporation of India (NPCI)
- It was created to fulfill the Reserve Bank of India’s desire to have a domestic, open loop, and multilateral system of payments in India.
- RuPay facilitates electronic payment at all Indian banks and financial institutions, and competes with MasterCard and Visa in India.
- NPCI maintains ties with Discover Financial to enable the card scheme to gain international acceptance

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