Rupay launched Commercial cards after it's earlier forays into consumer cards at the global fintech fest, te 1st even digital fully online global fintech event. At the launch Ms Praeveena Rai, COO NPCI also talked about the journey of the Rupay ecosystem which has grown to become Maser, Visa equivalent for India.
Rupay has seen great uptake with more than 1000 banks adopting it as standard and many govt banking projects riding on Rupay rails. The homegrown ecosystem offers local end to end money transfer rails compared to earlier rails hitting multiple interactional points as well as charges. NPCI lately has been working on many initiatives helping easier for startups to build quicker tools to bring in new consumers to various banking and financial services.
