The Government has decided to introduce RuPay Debit Cards and instructed the Public Sector Banks to issue the same to their Account holders. Extract of a report from the Economic Times is given below in this connection.
“For the first time in their 30-year existence, Visa and MasterCard, the world’s largest payment companies, are facing the heat in India. Lending its weight behind the local card scheme, RuPay, the government has asked state-owned banks to issue RuPay debit cards to customers.”

(Courtesy: ET)