RuPay Global Cards crosses 64 million issuances
Mumbai: National Payments Corporation of India (NPCI) has reached a milestone by issuing over 64 million RuPay Global cards, since first issuing it in 2014.
NCI which manages the RuPay card network in the country issues RuPay Global cards that run on the Discover Network when used outside India. This partnership helped Indian homegrown card payment network RuPay to expand its footprint globally as well.
Praveena Rai, Chief Operating Officer of NPCI said, “We have been focusing on growing international acceptance for our 64mn RuPay Global Card consumers. The acceptance of RuPay Global cards with the partnership of Discover reaches 41 mn plus merchants, across 190 countries and is constantly growing. With 200+ international offers for RuPay Global Card holders, the acceptance gets sweetened for the consumer.”
Leveraging the established interconnection between the two payment networks, the scope of this strategic relationship covers issuance of co-branded RuPay-Discover debit and credit globally accepted cards by NPCI member banks in India. The RuPay Global Debit and Credit cards are currently issued by 40 banks. They can be used for purchases at merchant locations and cash withdrawals on the Discover Global Network at major countries like USA, Singapore, Srilanka etc. where cardholders travel. The Discover Global Network includes Discover Network, Diners Club International, PULSE and affiliated networks.
“Our relationship allows RuPay Global cardholders to use their cards at millions of locations while travelling abroad via the Discover Global Network,” said Joe Hurley, Senior Vice President and Head of Global Business Development at Discover. “As the cardholder numbers grow, Discover is providing more people with the ability to use their card of choice while out of the country.”
Currently, the RuPay Global Cards are issued in five variants namely, RuPay Classic Debit Card, RuPay Classic Credit Card, RuPay Platinum Debit Card, RuPay Platinum Credit Card and RuPay Select Credit Card.