NPCI to launch RuPay global cards by July

National Payments Corporation of India (NPCI)to launch RuPay global cards by July, 2013.

National Payments Corporation of India (NPCI) on April 5, 2013 said its RuPay debit card will go international by July this year and announced a tie-up with an American card issuer Discover here in Mumbai.

RuPay LogoNPCI Chief Executive A P Hota said both RuPay and the American firm stand to gain from this partnership due to extended distribution network of their respective cardholders.

NPCI and Discover Financial Services also announced operationalisation of acceptance of Discover and Diners’ Club cards in India on NPCI’s NFS (National Financial Switch) network.

As part of a strategic alliance, announced last year, Discover and Diners Club cards now are accepted at over 85,000 NFS ATMs across the country, Hota said.

In the coming months, RuPay global cards will be issued and accepted on the Discover, Diners Club International and PULSE networks for international purchases and cash access outside India. This will be followed by the acceptance of Discover and Diners Club cards access at point-of-sale terminals for purchases in the country.

Leave a Reply

Your email address will not be published. Required fields are marked *