Daily Current Affairs Quiz 2019<\/a><\/strong><\/p>\n\n\n\nRuPay is the first-of-its-kind domestic debit and credit\ncard payment network of India developed by National Payments Corporation of\nIndia (NPCI), an umbrella organisation for operating retail payments and\nsettlement systems.<\/p>\n\n\n\n
There is a last agreement that is left out at the end of\nNPCI level. I think NPCI is going to send it any day and we will be launching\nsome products,” SBI Card MD and CEO Hardayal Prasad said in an interview\nto PTI.<\/p>\n\n\n\n
Expressing confidence that RuPay credit card will be\nlaunched in this fiscal only, Prasad said, “It’s just a matter of time.\nThe Rupay will become very popular and will be used in India aggressively. I\nhave no doubts on it”.<\/p>\n\n\n\n
He said that there is a big “nationalistic\nsegment” which is insisting on RuPay cards. About one-third of the cards\nbeing issued by India’s largest lender State Bank of India are RuPay cards, he\nsaid.<\/p>\n\n\n\n
“There are class of customers who want RuPay card.\nThere are those nationalistic people who say ‘give us only Rupay cards’. So I\nam very upbeat,” he said.<\/p>\n\n\n\n
The company may issue both RuPay as well as Visa\/Mastercard\nto its customers, specially who travel abroad, Prasad said.<\/p>\n\n\n\n
As of now, RuPay cards are accepted only in few countries,\nincluding Singapore and Bhutan. Prime Minister Narendra Modi recently launched\nthe card in UAE.<\/p>\n\n\n\n
RuPay has also tied-up with international players like\nDiscover, Japan Credit Bureau and China Union Pay to enhance its international\nacceptance.<\/p>\n\n\n\n
Prasad further said that SBI Card has rolled out its chatbot\n‘ILA’ (Interactive Live Assistant) on its mobile app to further enhance\nconsumer experience.<\/p>\n\n\n\n
ILA has 40 plus innovative features making SBI Card one of\nthe first in the industry to offer a complete suite of self-service\nfunctionalities increasing convenience for the customers, he said.<\/p>\n\n\n\n
“Since its release, SBI Card’s chatbot has successfully\nresolved over 14 million queries with over 97 per cent accuracy,” he\nadded.<\/p>\n\n\n\n
SBI Card had 90 lakh customers at end-July with a market\nshare of 17.9 per cent. According to Prasad, the company has been adding 3 lakh\ncards per month since December 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"
SBI Card will soon launch RuPay credit cards, a development which will give a boost to the home grown payment network in the fast growing segment. The credit card segment is dominated by the US-based payment gateways like Visa and Mastercard. Daily Current Affairs Quiz 2019 RuPay is the first-of-its-kind domestic debit and credit card […]<\/p>\n","protected":false},"author":13,"featured_media":5763,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[722],"class_list":["post-5762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-rupay-credit-cards"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/5762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=5762"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/5762\/revisions"}],"predecessor-version":[{"id":5764,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/5762\/revisions\/5764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/5763"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=5762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=5762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=5762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}