According to RuPay - Wikipedia
In India, 90 per cent of credit card transactions and almost all debit card transactions are domestic; however, the cost of transactions was high due to monopoly of foreign gateways like Visa and Mastercard. RuPay is an Indian domestic card scheme which provides debit and credit cards, and it functions quite similar to Visa/Master cards. The initiation of this card was done by the National Payments Corporation of India (NPCI). What is RuPay Cards?RuPay is a combination of two words Rupee and Payments. It is similar to debit and credit cards that you have, and you can easily access them in 1.45 lakh ATM and 8.75 lakh POS terminals around the country. They can also be used as a mode of payment in more than 10,000 e-commerce websites. Most of the public sector banks are issuing RuPay cards to their customers easily.
The RuPay cards also come with a technology chip called EMV EuroPay, MasterCard, and Visa, which provides secure higher transactions. A micr
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