Rupay, a new card payment scheme launched by the NPCI, has been conceived to fulfil RBI’s vision to offer a domestic, open-loop, multilateral system which will allow all Indian banks and financial institutions in India to participate in electronic payments.

The Rupay card is introduced by NPCI in order to tap into the tremendous growth witnessed by cards. The functionality of the products has been designed, to enables banks, to reduce the costs of cash, cheque and manual processes.

Rupay Transaction types

  • Purchase with Cash Back
  • Online funds transfer
  • Refunds Rupay debit cards
  • Tips/Surcharging Transactions
  • Cash at POS Cardholders
  • ATM Cash withdrawals:
  • ATM PIN Change
  • ATM Balance Enquiry

Rupay Acceptance

Rupay is developing its own domestic network and exploring options for an international acceptance network.

POS Acceptance: RuPay’s objective is to ensure pan-India geographical coverage of POS terminals for RuPay cards. All RuPay cards would be accepted across the entire POS network in India.

ATM Acceptance: The RuPay Debit card can be used at ATMs with access to all the basic services like Cash Withdrawal, Balance Inquiry and PIN change which would be provided by all issuer ATMs. Apart from this Issuer defined functionalities like Transfer of Funds, Prepaid Mobile recharge, bill payments and service requests may also be extended to the customers.

E-commerce Acceptance: The RuPay debit cards will be accepted over channels like e-commerce as well.