RuPay

Many Indian players use RuPay to make deposits and withdrawals at their preferred casino sites. Although innovative and alternative payment solutions have been mushrooming lately, good old bank cards are still on the throne. The reason is obvious.

Everyone has at least one in their wallets and knows how to use them for online transactions. As a result, most casino sites display bank cards as the first payment methods on their cashier pages.

RuPay is an Indian homegrown card payment network offering a wide range of bank cards. The popularity of RuPay cards in India is significant. RuPay is a national bank card issued by many domestic banks and supervised by the Government. Therefore, many gamers in this country have been using RuPay for online gambling deposits and withdrawals for some time now.

What is RuPay?

RuPay is the first domestic card payment network from India. It is widely accepted at retail stores, e-commerce websites, and ATMs in India. And, of course, at many online casinos accepting players from this country. The National Payments Corporation of India (NPCI) launched the RuPay payment network in 2012.

NPCI is the state-run electronic payment provider founded in 2008 that handles all online payments in the country. The regulatory body is run by India’s central bank (RBI) and Indian Banks’ Association (IBA). It means that NPCI is backed up and controlled by the Ministry of Finance and the Government. It is essential to know and understand these relations, as the NPCI owns and runs the RuPay network.

To put it simply, RuPay is supported by India’s most reputable financial institutions. It means that you’re dealing with a trustworthy payment network supervised by the country’s leading financial regulatory bodies. RuPay is, therefore, a secure and legal domestic card payment scheme.

Indian Market

One of the reasons why RuPay was created was to meet the needs of the Indian market. The Government and Reserve Bank of India (RBI) realized that international payment processing networks, such as Mastercard and Visa, don’t provide all the features needed by the Indian citizens. And their fees can be pretty high. Therefore, the NPCI introduced a domestic answer to the international payment networks, promoting a cashless economy at the same time.

You can infer the local nature of the service from its name. RuPay is derived from the words “Rupee” and “Payment,” clearly indicating it is focused on the Indian market. Whichever RuPay product you select to use, you can be sure it’s 100% legal and safe. Reserve Bank of India provided data revealing that in 2020 there were over 603 million RuPay cards issued by more than 1,100 national banks.

But why is RuPay so popular among citizens of India? The answer to this question is easy. It’s a national bank card payment service controlled by the Government and endorsed by all major banks in India. Moreover, RuPay is a highly secure payment network utilizing cutting-edge protection measures. Finally, the product offers a wide array of credit, debit, and prepaid cards and various contactless payment options.