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RuPay payment card launched in UAE and Bahrain

Date: 25 August 2019 Tags: Banking Agreements
  • Prime Minister Narendra Modi launched the RuPay card in UAE making it the first country in West Asia to initiate the Indian indigenous system of electronic payment.
  • India has already launched RuPay card in Bhutan and Singapore.
  • The RuPay card was launched in 2012 by RBI to have a domestic open and multilateral system of payments. RuPay facilitates payment at all Indian banks and financial institutions.