RuPay is an Indian multinational financial services and payment network launched on March 26, 2012, by the National Payments Corporation of India (NPCI). It was created to fulfill the Reserve Bank of India's (RBI) vision of establishing a domestic, open, and multilateral system of payments. RuPay's mission is to reduce the country's dependency on international card schemes like Visa and Mastercard, offering lower transaction processing fees and customized solutions for the Indian market. The network facilitates a full range of card payments, including debit, credit, and prepaid cards, which are accepted at ATMs, PoS devices, and e-commerce websites across India and increasingly, internationally through strategic partnerships.

Founded in

India