RuPay Card Launched in UAE

In a significant development to boost India՚s relationship with UAE, the serving Prime Minister of India on his UAE visit dated 24th August 2019 launched RuPay card at the Emirates Palace, Abu Dhabi. UAE has become the first country in the Gulf region where RuPay card has been launched.

Image Shows of RuPay Launched in UAE Participating Business

Participating Business Groups from UAE

  • The major business groups present were NMC Healthcare, Lulu Group, Aster DM Healthcare, Landmark Group, Sobha Ltd, Apparel Group, Nikai Group, Regal Group of Companies, ITL Cosmos, Jashanmal National Company LLC, Allana Group FMCG Products, Petrochem Middle East, Transworld Group, Al Dobowi Group, VPS Healthcare, UPL Group, Conares, Al Maya Group, EPS Facilities Services Group, Emaar & DP World were present at the event launch and pledged to accept RuPay as a mode of payment.
  • As many as 3 million Indian tourists visit UAE annually. The acceptance of Rupay card in UAE will lower the charges as tourists will save on exchange rate.
  • The RuPay card hereafter will be accepted at 175,000 merchant acceptance locations and 5,000 ATM along with cash access locations within UAE.
  • The National Payment Corporation of India along with Mercury Payments Services - UAE՚s Domestic Scheme has made RuPay Cards acceptability possible.
Image Shows of Rupay Platinum Debit Card

Ru Pay Card Significance and Benefits

  • This card is only the first-of-its-kind India՚s domestic Debit and Credit Card payment network which will be widely accepted at ATMs, POS devices and e-commerce websites across India.
  • This card is India՚s version of Master Card and Visa which ensures high network security against cyber hacks.
  • The card is also user friendly, cost effective which in turn facilitates and promotes low value payments and a cashless transaction environment.
  • RuPay has successfully collaborated with international players like Discover, Japan Credit Bureau and China Union Pay to enhance its international acceptance. At present there are 500 million Ru Pay cards in circulation. India has also recently achieved a milestone of issuing 25 million RuPay - Discover global cards.

Examrace Team at Aug 21, 2021