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PM Modi to launch RuPay card in Saudi Arabia

(1) Today, there are over 1,100 banks issuing around 600 million Rupay cards

(2) RuPay has collaborated with more than 600 international, regional & local banks across the country

(3) RuPay reported 1 billion transactions during 2018-19, about 70% jump compared to the 667 million transactions during 2017-18

(4) RuPay has been launched in India, Singapore, Bhutan, Maldives, Bahrain, UAE and will be launched in Saudi Arabia which will help the Indian pilgrims visiting Mecca and Madina

(5) RuPay currently has 33% market share of all the card transactions

(6) RuPay card is gradually going global and giving tough competition to international players like Master Card and Visa 

(7) RuPay is India’s domestic payment card conceived and launched by the National Payments Corporation of India (NPCI) 7 years ago

(8) As a result of the growth of Rupay Cards, American payment card firms Master Card and Visa have been losing market share 

(9) RuPay has also tied-up with international players like Discover, Japan Credit Bureau and China Union Pay to enhance its international acceptance and recently achieved a milestone of issuing 25 million RuPay-Discover global cards

(10) NPCI issues RuPay Global cards that run on the Discover Network when used outside India

By Arun Sharma (@ArunSharmaLive)

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PM Modi to launch RuPay card in Saudi Arabia

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