Rupay card : Issuing agency
Q. Rupay card is launched by -- Published on 16 Nov 15a. 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
