The RuPay cards issued by the Bhutan National Bank will allow card holders to use ATMs and point-of-sale terminals in India
Narendra Modi to embark on two-day visit to Saudi Arabia on Monday, will sign several key bilateral pacts, says MEA
India and Saudi Arabia will sign a raft of key pacts to significantly ramp up ties in several key sectors including oil and gas, renewable energy and civil aviation during Narendra Modi's two-day visit to the Gulf nation on Monday.
Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products
Allegations of large-scale misuse of Jan Dhan accounts by black money hoarders seeking to convert their illegitimate wealth in cash during demonetisation are yet to be proved.
The RuPay global debit and credit cards are currently issued by 40 banks.
Narendra Modi launches 'One Nation One Card'; service will allow people to pay transport fare, toll charges across country
Modi launched the indigenously-developed National Common Mobility Card (NCMC) while inaugurating the first phase of the Ahmedabad metro train service.
Demonetisation anniversary: Visa, Mastercard losing market share to indigenous RuPay card, UPI, says Arun Jaitley
"Today, Visa and Mastercard are losing market share in India to the indigenously developed payment system of UPI and RuPay card whose share has reached 65 percent of the payments done through debit and credit cards," Arun Jaitley said.
Although the decision on the pilot project has been taken, it will take some time for implementation as software for the purpose will have to be developed and the states will have to decide on it before the benefit reaches the people.
It has been changing from time to time. Now an era of digital currency has started and India should not lag behind," said, Modi.
Prime Minister Narendra Modi on Friday accused the Samajwadi Party (SP) government in Uttar Pradesh of protecting and patronizing the "copying mafia" in the state which was harming the future of the youth.
State Bank of India has estimated that money worth Rs 2.5 lakh crore may not come back into the banking system post demonetisation of high-value notes.
Deposits in accounts opened under the government's flagship financial inclusion programme -- Pradhan Mantri Jan Dhan Yojana (PMJDY) -- have crossed the Rs 30,000 crore mark