Historically, digital payments around the world have been driven by the American model defined by card associations.
India signs pact with Saudi Arabia to introduce RuPay card; third country in West Asia to initiate country's digital payment system
India has already launched the RuPay card in the UAE, Bahrain, Singapore and Bhutan
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
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
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
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
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
'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
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
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'.
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
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
As many as 20 lakh people have joined the modified Pradhan Mantri Jan Dhan Yojana (PMJDY).
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.
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
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
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.
The RBI in April said the payment ecosystem in India had “expanded considerably”, making it necessary to ensure “the safety and security” of data.
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.