Introduced nine years ago, India’s indigenous card payment network, RuPay, has cornered a sizeable market share, driven by the government’s financial inclusion drive.
Accounts opened under the Jan Dhan scheme get the RuPay debit cards, but credit cards, considered a niche product in India, form a minuscule portion of its card business.
As of March 10, around 308.5 million RuPay debit cards were issued for accounts opened under the Jan Dhan Yojana.
Having said that, the National Payments Corporation of India (NPCI), the umbrella entity for digital payments.....
|Key stories on business-standard.com are available to premium subscribers only.|
Already a premium subscriber? LOGIN NOW.
Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.