- 1,100 banks issue RuPay cards at present
- 672 mn RuPay debit cards issued, as per industry estimates
The Reserve Bank of India (RBI) has initiated steps to gradually bring the homegrown RuPay card on par with global card networks such as Visa and Mastercard.
Launched in 2014, RuPay cards are issued by more than 1,100 banks including state-owned lenders, private banks, regional rural and cooperative banks, as per its website. There are about 672 million RuPay debit cards, according to industry estimates. Details on the credit card base is unavailable.
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