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.
Foreign card payment network companies that fail to meet data localisation norms cannot register new customers or issue new cards in India. ThePrint explains.
Addressing the 73rd annual general meeting of the Indian Banks' Association, Finance Minister Sitharaman also asked banks to ensure all accounts are linked with Aadhaar number.
In its first ever structured deal, Indian LPG companies are set to import almost 10% of their total needs from US. Trump has been pushing India to purchase more American energy.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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