Do you have tried out RuPay @ Flipkart, Amazon, Jet Airways, Snapdeal?

            India’s own Payment Gateway – RuPay is adding new online players to its portfolio. Diwali is the biggest motivator for Indians to purchase new goods. This year, the online players took the fight direct to the offline field, by launching mega offers.

            To gain the maximum traction, NPCI signed mega deals for RuPay to be accepted at major online eCommerce portals.

            The main advantage of RuPay cards from a Safe ePayments angle is that the cards are accepted only in India. Thus, RuPay cards do not attract the online criminals.

Sr No	Type of Bank	No of Banks issuing RuPay Cards
01	Public Sector Banks	26
02	Private Sector Banks	09
03	Cooperative and Gramin Banks	203

            Yes, now customers of Cooperative and Gramin Banks too can enjoy the joy of Online Shopping.  

            RuPay through its PaySecure features offers additional feature beyond RBI’s mandated 2 Factor Authentication. 

Magic will be witnessed on 15/08/2014 in ePayments - SVS

            Modi’s grand vision of Financial Inclusion will be officially unveiled on August 15, 2014 by the Prime Minister Narendra Modi.

            The plan is titled as “SAMPOORN VITTEEYEA SAMAVESHAN”

            The highlights of this Comprehensive Financial Inclusion Plan are as under:

• Providing Basic Banking accounts to all families and to all beneficiaries of Government schemes by March 2016.

• Financial Literacy Programme is to be given a push and to be extended upto the Block level. It would give advantage to the Banks to train BCs and FI beneficiaries for ensuring its deep rooted reach at the grass root level.

• Under SAMPOORN VITTEEYEA SAMAVESHAN (SVS), the respective Bank accounts will also be ATM enabled.

• Delivery of India’s own indigenous pre-activated Rupay Card will be an important component of account activation.

• There is a provision of Rs.5000/- as overdraft facility through debit card to every basic banking account holder on completion of financial literacy training.

• The suggested remuneration to reach the BC Agent would be minimum Rs.5000/-.

• Under Urban Financial Inclusion, urban households are also to be covered. SLBC will arrange allocation of wards under the Municipality/Municipal Corporation to member Banks.

• Mapping of each district into Sub-Service Area catering to one thousand five hundred (1500) households so that every habitation have access to banking services within 5 kms by September 2015 except hilly ,tribal, forest & desert areas.

As the pace of accounts opening pickups, transactions too will reflect in the accounts. This would in translate into volumes for eTransactions.