CURRENT AFFAIRS

Detailed explanation-1: -In the efforts to offer continued convenience and quality customer service, RuPay has strengthened its network capabilities by launching RuPay JCB Global Card in association with JCB International Co.

Detailed explanation-2: -The JCB Global Card issued by RuPay is an international card that is aimed at making foreign transactions easier for customers. Under the RuPay Festive Carnival, RuPay has come up with an amazing offer for JCB cardholders.

Detailed explanation-3: -On 21 June 2013, NPCI launched RuPay PaySecure that enabled card holders make online payment. Till November 2020, over 1,158 banks issued 603.6 million RuPay cards. PayPal supports the RuPay card system. Amazon accepts all RuPay debit cards, and some RuPay credit cards issued by select banks.

Detailed explanation-4: -NEW DELHI: IndusInd Bank on Monday announced a strategic partnership with Rupyy – a new age digital lending platform offering 100% paperless loan processing. Rupyy is the fintech arm of the Jaipur-based Girnarsoft Pvt. Ltd. which houses brands like CarDekho, BikeDekho, Zigwheels, Powerdrift, among others.

Detailed explanation-5: -Acceptance: As mentioned earlier, RuPay is an Indian network and is accepted only in India. On the other hand, Visa and Mastercard are international payment networks and they are accepted across the globe. RuPay cards are designed only for domestic use and cannot be used for overseas transactions.