Wednesday, February 20, 2013

List of Banks who provide Rupay Card

All PSU banks to join by 2012

Corporate Affairs Minister M. Veerappa Moily said all state-owned banks are expected to join the RuPay system by the end of this year, adding RuPay-based debit cards can be used by the consumers on the Internet from September, 2012. He was speaking at a brainstorming meeting of the banking sector organized here by the Indian Institute of Corporate Affairs on Tuesday.

The government had launched India’s first domestic payment card network, RuPay, to compete with Visa Inc and Mastercard Inc.
NPCI will soon provide a full range of card payment services including the RuPay ATM, RuPay MicroATM, Debit, Prepaid and Credit Cards which will be accepted in India and abroad, across various channels like POS, internet, IVR and mobile etc. Initial focus of NPCI would be to approach those banks who have not been issuing any payment card at all. Regional Rural Banks and urban co-operative banks are ideal. In due course, it would approach other banks and enter the mature segments in competition with international card schemes who have already got a good presence.