Rupay System.

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....upay System. <br>News and Press Release<br>Dated:- 11-5-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 11-May-2012 17:42 IST Rupay System National Payment Corporatio....

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....n of India (NPCI) is an authorized entity under Payment and Settlement Systems Act, 2007. The Reserve Bank of India has granted approval of the NPCI for the following: 1) Public launch of RUPAY affil....

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....iated cards issued by banks (for use at ATMs and micro-ATMs). 2) Pilot launch of RUPAY affiliated Debit Card (issued by banks). It is an approve card payment network like Mastercard and VISA. As a ....

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....further step towards Financial Inclusion, the Issue of RUPAY affiliated cards by banks will enable cashless transaction where such cards are used at Point of Sale (POS) and Micro ATMs. This informati....

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....on was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. * * * DSM/SS/Hb<BR> News - Press release - PIB....