RuPay card now officially accept in South Korea...

RuPay card now officially accept in South Korea (UAE & Singapore too)

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RuPay card now officially accept in South Korea (UAE & Singapore too)-

Note – No official announcement yet but latest RuPay Circular mentioned – NPCI has entered into Network to Network connectivity arrangement with BC Card – Republic of South Korea (South Korea)

Sub: Acceptance of RuPay cards in Singapore, United Arab Emirates & South Korea

NPCI has entered into Network to Network connectivity arrangement with:

 Network for Electronic Transfers (NETS) – Republic of Singapore (Singapore)
BC Card – Republic of South Korea (South Korea)
 Mercury Payments Services – United Arab Emirates (UAE)

The scope of the arrangement shall include:

Acceptance of RuPay cards at POS terminals at NETS Network in Singapore.
ii. Acceptance of RuPay cards at ATM, POS and Ecommerce at BC Card Network in
South Korea.

iii. Acceptance of RuPay cards at ATM, POS and Ecommerce at Mercury Payments
Services Network in UAE.

We are pleased to inform you that the Acceptance of RuPay card in Singapore, United Arab Emirates & South Korea for the aforementioned Business cope with the respective International Network partner, will be made live in the month of April 2020 for Singapore. UAE & South Korea will be made live in subsequent months.

Source - https://www.npci.org.in/sites/default/files/cir...

What is BC Card in South Korea ?

BC Card is South Korea’s biggest payment processing company and local brand network headquartered in Seoul, South Korea.
BC Card is 100% accepted all ATM, POS and Ecommerce websites in South Korea.

BC Card Logo -

https://cdn0.desidime.com/attachments/photos/617651/medium/6673150kqO2kKM.jpg?1589923353

https://cdn0.desidime.com/attachments/photos/617652/medium/6673150FzRpn5v.jpg?1589923358

https://cdn0.desidime.com/attachments/photos/617657/medium/6673150LbHW0U8.png?1589923560

https://cdn0.desidime.com/attachments/photos/617653/medium/6673150UpiYoKy.jpg?1589923362

https://cdn0.desidime.com/attachments/photos/617654/medium/6673150K3TMbZR.png?1589923365

Note – In South Korea, Your Visa card & Mastercard also work on BC Card network, All Foreign companies Visa card, Mastercard, JCB card, UnionPay card, Diners Club card, Discover card & Now RuPay Card process local South Korean transaction through BC Card network.

In South Korea, Visa & Mastercard issue only co-badged BC Global Cards (BC Global Card treated as Visa/Mastercard/Diners Club/Discover card outside Korea) -

You can see BC Card logo on all South Korean banks issue Visa & Mastercard -

https://cdn0.desidime.com/attachments/photos/617655/medium/6673150MKYYhxD.jpg?1589923368

https://cdn0.desidime.com/attachments/photos/617656/medium/6673150pNpn4UW.jpg?1589923371

Big Brands like Netflix, Google & Apple only accept BC Cards in South Korea (Including local websites in Korea), Netflix & Apple also nowhere mentioned accept Visa/Mastercard in South Korea because Visa/Mastercard only accept in BC Cards network.

Apple Korea accept only BC Cards & other local cards (Visa/Mastercard not supported) -

https://cdn0.desidime.com/attachments/photos/617658/medium/6673150J32Qo41.jpg?1589925286

Netflix Korea accept only BC Cards & other local cards (Visa/Mastercard not supported) -

https://cdn0.desidime.com/attachments/photos/617659/medium/6673150RhZnruH.jpg?1589925290

Google Play Store Korea accept only BC Cards & other local cards (Visa/Mastercard mentioned but not supported because no local Visa/Mastercard issue in Korea) -

https://cdn0.desidime.com/attachments/photos/617660/medium/66731501PYBaf6.jpg?1589925294

2 Comments  |  
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Good news

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