Mass-market credit card customers are increasingly moving towards the RuPay network, as these can also be used to make UPI payments, global consultancy firm Third Bridge has said in a report.RuPay, the domestic card network run by the National Payments Corporation of India, which also operates UPI, is inching closer to a 40 percent market share in new credit card issuance by banks.“The mass segm...

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The Union Cabinet on Wednesday approved the promotional incentives for Rupay debit cards and low value transactions of BHIM UPI. The cabinet today approved incentives worth Rs 2600 crore for FY 2022-23 which will be given on the use of Rupay debit cards and BHIM for P2M (person to merchant) transactions. “With a financial outlay of Rs 2,600 crore, this incentive scheme will benefit the MSME sec...

Axis Bank NSE -0.94 % and Indian Oil Corporation NSE 0.55 % Limited (IOCL NSE 0.55 %) in partnership with National Payments Corporation of India (NPCI), have launched co-branded contactless INDIANOIL AXIS BANK RuPay Credit Card.The card offers 100?shback up to Rs 250 on all fuel spends within the first 30 days of card issuance. It also offer waiver of 1% fuel surcharge on fuel spends between R...

Indian Railways ‘One Station One Product’ Concept: Tirupati station to become South Central Railways’ first station to implement ‘One Station One Product’. In Union Budget 2022-23, the government announced the Concept of “One station one Product”. This concept’s main objective is to make each railway station a promotional hub as well as showcase destination for a local product. Th...