Mastercard, Visa And Rupay Card In India: Since September 2024, the Reserve Bank of India has given customers the freedom to choose their cards. Customers can now select the card of their choice.

RuPay is an Indian multinational financial service payment network launched by the RBI in 2012. Here’s all you need to know about RuPay debit cards.

Each bank offers its own debit card to customers, but most of these cards can broadly be divided into three categories - Visa, MasterCard and RuPay card. Read further to know what these cards offer.

RuPay Debit Cards: RuPay is an Indian multinational financial services and payment service system launched in the year 2012 by the National Payment Corporation of India.

Currently, businesses do not pay any fees when customers use UPI or RuPay debit cards. Before 2022, merchants had to pay a small fee, called the merchant discount rate ( MDR ), to banks for ...

Ujjivan Small Finance Bank has launched its first global payment instrument, the International RuPay Select Debit Card.

The RuPay Select Debit Card is priced at Rs 250 per annum, with the fee collected quarterly from banks. To redeem the benefits, cardholders need to make a minimum Re. 1 transaction using the card.

According to a norm that came into effect on January 1, 2020, UPI and RuPay debit cards attract zero-MDR, meaning no charges are applied to these transactions.

RupPay Credit Card and Debit Card users will now be able to make e-commerce online transactions without the need to share CVV. This will be, however, applicable only to tokenised cards.

Card portability means that credit, debit, and prepaid card customers will be able to switch between any card network of their choice like Visa, MasterCard, RuPay, others.

RuPay Debit/ Credit Chip Cards sport sophisticated safety features, such as an embedded microchip and PIN, to provide unparalleled security to user transactions.