The debit card has limited popularity in India as the merchant is charged for each transaction. The debit card therefore is mostly used for ATM transactions. Most of the banks issue VISA debit cards, while some banks (like SBI and Citibank India) issue Maestro cards. The debit card transactions are routed through the VISA or MasterCard networks rather than directly via the issuing bank.
The National Payments Corporation of India (NPCI) is introducing a payment network and debit card dubbed 'India card'. The Reserve Bank of India is expecting this system will gradually replace the overseas run networks from Visa and MaterCard for Indian ATM, debit and credit card services.
The National Payments Corporation of India (NPCI) has formally decided the name and logo of this new international payment gateway. The new name is being called RuPay..
The National Payments Corporation of India (NPCI) is introducing a payment network and debit card dubbed 'India card'. The Reserve Bank of India is expecting this system will gradually replace the overseas run networks from Visa and MaterCard for Indian ATM, debit and credit card services.
The National Payments Corporation of India (NPCI) has formally decided the name and logo of this new international payment gateway. The new name is being called RuPay..
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