Rupay

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Zero-MDR: Is India pioneering a global business model for digital payments?
News & Analysis

Zero-MDR: Is India pioneering a global business model for digital payments?

Historically, digital payments around the world have been driven by the American model defined by card associations.

HDFC Bank, Indian Oil launch co-branded fuel credit card for users from non-metro cities; to be available on RuPay, Visa platforms
Business

HDFC Bank, Indian Oil launch co-branded fuel credit card for users from non-metro cities; to be available on RuPay, Visa platforms

The HDFC Bank, IOC co-branded fuel card offers customers the highest rewards and benefits on fuel consumption and will be available on both RuPay and Visa platforms

Narendra Modi launches redevelopment project of Hindu temple in Bahrain's capital Manama; work to begin later this year
World

Narendra Modi launches redevelopment project of Hindu temple in Bahrain's capital Manama; work to begin later this year

Narendra Modi on Sunday launched the $4.2 million redevelopment project of the 200-year-old Lord Sri Krishna temple in the Bahraini capital.

PM in Bahrain: Narendra Modi conferred 'The King Hamad Order of the Renaissance' award in meet with monarch
India

PM in Bahrain: Narendra Modi conferred 'The King Hamad Order of the Renaissance' award in meet with monarch

Prime Minister Narendra Modi was conferred 'The King Hamad Order of the Renaissance' during his meeting with the King of Bahrain on Saturday.

$5 trillion economy is our target': Narendra Modi addresses Indian diaspora in Bahrain, says India's space missions are acknowledged worldwide
India

$5 trillion economy is our target': Narendra Modi addresses Indian diaspora in Bahrain, says India's space missions are acknowledged worldwide

Prime Minister Narendra Modi on Saturday reiterated his government's commitment to making India a $5 trillion economy in the next five years.

Daily Bulletin: SC to hear P Chidambaram's plea against ED today; Narendra Modi to begin three day visit to UAE, Bahrain from 23 August
India

Daily Bulletin: SC to hear P Chidambaram's plea against ED today; Narendra Modi to begin three day visit to UAE, Bahrain from 23 August

Daily Bulletin: INX Media case: SC to hear P Chidambaram's plea on anticipatory bail today even as ex-FM remains in CBI custody; Narendra Modi to visit UAE; day's top stories

Narendra Modi begins three-nation visit today, says engagements will strengthen India's relations with France, UAE, Bahrain
World

Narendra Modi begins three-nation visit today, says engagements will strengthen India's relations with France, UAE, Bahrain

'It will be an honour to receive the Order of Zayed, the highest civilian decoration conferred by the UAE government, during this visit', said Modi

RBI removes charges on RTGS, NEFT transactions: Central bank's decision will give a much-needed boost to digital transactions
Business

RBI removes charges on RTGS, NEFT transactions: Central bank's decision will give a much-needed boost to digital transactions

The Narendra Modi government’s Digital India drive has definitely got a boost with this RBI initiative.

Tokenisation of card payments can simplify and secure financial transactions, services for merchants, consumers
Business

Tokenisation of card payments can simplify and secure financial transactions, services for merchants, consumers

Tokenisation is a process aimed at increasing the security and safety of payment systems by replacing the card details with a unique alternate payment ID or code termed as a ‘token'.

RuPay, UPI to soon overtake global competitors like Visa, Mastercard: Report
News & Analysis

RuPay, UPI to soon overtake global competitors like Visa, Mastercard: Report

UPI, RuPay reportedly accounted for 65.2 percent of all debit and credit card transactions as on 31 August 2018.

Mastercard lodged protest in US in June over Narendra Modi's promotion of homegrown card network RuPay
Business

Mastercard lodged protest in US in June over Narendra Modi's promotion of homegrown card network RuPay

More than half of India’s 1 billion debit and credit cards now go through the RuPay payment system

Over 20 lakh people join modified Jan Dhan Yojana, takes total number of account holders to 32.61 crore
Business

Over 20 lakh people join modified Jan Dhan Yojana, takes total number of account holders to 32.61 crore

As many as 20 lakh people have joined the modified Pradhan Mantri Jan Dhan Yojana (PMJDY).

Pune based-Cosmos Bank's server hacked; Rs 94 cr siphoned off in two days
Business

Pune based-Cosmos Bank's server hacked; Rs 94 cr siphoned off in two days

The fraudulent transactions were carried out on 11 August and 13 August through 25 ATMs located in Canada, Hong Kong and a few in India.

India plans to ask e-commerce, social media firms to store customer data locally
News & Analysis

India plans to ask e-commerce, social media firms to store customer data locally

E-commerce policy is mandating that RuPay be included as a payment option for online transactions.

Narendra Modi calls Digital India initiative a war against touts; says it helped fight black money, created employment
Business

Narendra Modi calls Digital India initiative a war against touts; says it helped fight black money, created employment

Prime Minister Narendra Modi on Friday said his pet Digital India initiative is a war against touts and middlemen

Narendra Modi in Singapore: Aadhaar, FDI, maritime security emerge as common points as PM meets Lee Hsien Loong
India

Narendra Modi in Singapore: Aadhaar, FDI, maritime security emerge as common points as PM meets Lee Hsien Loong

Prime Minister Narendra Modi on Friday met his Singaporean counterpart Lee Hsien Loong to discuss bilateral ties. Modi, who arrived in Singapore on Thursday on a three-day visit, also called on Singapore President Halimah Yacob to discuss ways to strengthen maritime relations, trade policy and the exchange of technology between the two ASEAN nations.

India is determined to compel global payment firms to store customer data in the country: Report
News & Analysis

India is determined to compel global payment firms to store customer data in the country: Report

The RBI in April said the payment ecosystem in India had “expanded considerably”, making it necessary to ensure “the safety and security” of data.

India stands firm on directive, forcing US payment companies to store data locally: Report
News & Analysis

India stands firm on directive, forcing US payment companies to store data locally: Report

The payment companies are worried India’s data on shoring move could set a precedent and nudge other major governments to implement similar rules at a time when there is heightened scrutiny on how companies globally handle their customers’ data.

Rural Meghalaya’s long road to an ATM
Business

Rural Meghalaya’s long road to an ATM

The government must improve power supply, telecoms connectivity to make its digital dreams a reality. Easier ways to deposit and withdraw cash would be welcome.