India creates History, First RuPay Card issue outside India
- 2455
- 12
-
- Last Comment
India creates History, First RuPay Card issue outside India:
Bhutan national bank issue RuPay card in Bhutan
PM of Bhutan and India to launch second phase of RuPay Card today:
Prime Minister Dr Lotay Tshering and his Indian counterpart Narendra Modi will jointly e-launch the second phase of the RuPay Card today.
The RuPay card scheme is a cross-border payment initiative between Bhutan and India, which is aimed at promoting the use of low-cost digital payment solutions and digital financial inclusion.
The first phase of the RuPay Card was jointly launched by the two Prime Ministers on August 17 during the state visit of the Indian Prime Minister to Bhutan last year.
The launch of RuPay card scheme in Bhutan is made possible by the interconnectivity of the Bhutan Financial Switch (BFS) with India’s National Financial Switch (NFS), which is operated by the National Payment Corporation of India (NPCI).
According to a press release from the Minister of Foreign Affairs, the interconnection of the BFS network with the RuPay network will provide safe and convenient banking, and also help realise cost effective and cashless transactions, thereby enhancing cross-border digital payments between the two countries.
Since the launching of Phase-I, a total of about 10,428 successful transactions amounting to INR 36.52 million have been made using the RuPay cards.
The launch of the second phase will enable Bhutanese travellers to India to use their local bank cards in all the access points offered by the banks in India.
The BNBL’s RuPay debit cards will be accepted at more than 100,000 ATMs and 2 million PoS terminals in India for cash withdrawal, balance inquiry and purchases.
The event will be attended by Foreign Minister Dr Tandi Dorji, information and communications minister Karma Donnen Wangdi, Royal Monetary Authority Governor Dasho Penjore and bank CEOs.
From the Indian side, the launch will be attended by external affairs minister Dr S. Jaishankar, Principal Secretary to the Prime Minister Dr P.K. Mishra, National Security Advisor Ajit Doval and other senior officials.
Bhutan national bank customers, Apply Here - https://www.bnb.bt/new-atm-debit...d/
- Sort By
We will spend only not save. We think we are helping bring more money in India but they will buy lavish properties outside India. Money will flow outside only ultimately.
Exaggeration is good, over-exaggeration isn’t
When Phase-1 launch already happened an year back, what’s the fuss about creating history with Phase-2? // India creates History, First RuPay Card issue outside Indi //
Phase 1 – Indian banks issue RuPay Cards was accepted in Bhutan’s ATMs & POS.
Phase 2 – First time RuPay Card issue outside India.
99% of Indians dont use international transaction or foreign visits. same 99% Bhutanese also dont use international transaction or foreign visits. They will use Bhutan national bank issue RuPay card in Bhutan and RuPay/NPCI charged few % transaction fee. same like USA companies Visa/Mastercard charged few % transaction fee.
I have sbi rupay card , but Daily it allows 7000rs transaction only , is there any limit for transactions with rupay card ? How to increase the daily transaction limit ?
if you have SBI RuPay Classic card then increase your daily transaction limit upto Rs50,000 per day (Ecom/POS only).
or if you have SBI RuPay Platinum card then increase your daily transaction limit upto 1 lac or 2 lac per day (Ecom/POS only).
login SBI net banking and increase your daily transaction limit.
RuPay have 4 types of RuPay debit cards -
1) RuPay PMJDY Debit Card (also called Gareebo wala card) – monthly Rs10,000 limit, some banks increase the limit upto Rs50,000 per month.
2) RuPay Classic Debit Card – transaciton limit decide by banks but you will get upto Rs50,000 limit per day.
2) RuPay Platinum Debit Card – transaction limit decide by banks but you will get 1 lac, 2 lac, 3 lac or 5 lac limit per day.
2) RuPay Select Debit Card – transaciton limit decide by banks but you will get highest transaction limit set by banks.
Lol
![[Price Drop] Lenovo IdeaPad Gaming 3 AMD Ryzen 7 Octa Core 6800H - (16 GB/512 GB SSD/Windows 11 Home/4 GB Graphics/NVIDIA GeForce RTX 3050) 15ARH7 Gaming Laptop](https://cdn3.desidime.com/topics/photos/1775824/medium/-original-imagzzebftghhzr4.jpeg?1713247203)
good to see, hope indians will switch to rupay card atleast for domestic usages, as 99% of indians dont use international transaction or foreign visits. if they need means, upgrade to visa/aster card…
offtopic:
India is a big market for visa/mastreo (USA companies), we can save more than 5000 crore if most people switch to rupay cards.