India has already launched the RuPay card in Singapore and Bhutan
Prime Minister Narendra Modi on Saturday launched the RuPay card here, making the UAE the first country in the Middle East to initiate the Indian indigenous system of electronic payment.
RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India’s vision to have a domestic, open and multilateral system of payments. RuPay facilitates electronic payment at all Indian banks and financial institutions. India has already launched the RuPay card in Singapore and Bhutan. Modi launched the RuPay card by making a special purchase which he will offer as ‘prasad’ at the Shreenathji Temple in Bahrain tomorrow.
“The RuPay card comes to UAE! PM @narendramodi makes a special purchase, which he would offer as Prasad at the Shreenathji Temple in Bahrain tomorrow,” the Prime Minister’s Office (PMO) tweeted.
Before the launch, an MoU to establish a technology interface between the payment platforms in India and UAE was exchanged between the National Payments Corporation of India (NPCI) and UAE’s Mercury Payments Services in the presence of the prime minister.
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