The National Payments Corporation of India (NPCI) promoted by RBI, has top ten banks that promoters, they're State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC. Incorporated as a Section 25 company under the Companies Act, it aims to function for the benefit of all the member banks and their customers.
RuPay features are:
The transactions are processed much faster as the whole process is done within the country
They are offered by all the Banks present in India (Public sector, co-operative, rural and private banks)
Whenever a purchase is made by a RuPay Debit Card the transaction charged to the merchant is minimal to at 0.01% while is very low as compared to other brands
Widely accepted over 10,000 e-commerce sites
RuPay Debit Cards are welcomed at more than 8 Lakh POS terminals and 1.8 Lakh merchant terminals in India
Avail complimentary Domestic & International Lounge Access Program