This will make RuPay one of the few international payment systems to be active in Russia. Moscow has faced a number of sanctions by Western countries since the war with Ukraine.
The highlight of using RuPay credit cards is that they are acquiring approval nationally and internationally. They can be used at many partner stores and ATMs across the country.
The card creates & uses an offline wallet on its own chip to store money in electronic form which can be used at Metro entry & exit gates without the need for any internet connection.
The concern is not that 2025’s rally was irrational, but that it may be difficult to repeat. Outlooks remain anchored to AI investment and growth without reigniting inflation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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