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RuPay
Reserve Bank of India, after setting up of the Board for Payment and Settlement Systems in 2005, released a vision document incorporating a proposal to set up an umbrella institution for all the retail payment systems in the country. The core objective was to consolidate and integrate the multiple systems with varying service levels into nation-wide uniform and standard business process for all retail payment systems. This led to the formation of the National Payments Corporation of India (NPCI). RuPay, a new card payment scheme launched by the NPCI, has been conceived to fulfill RBI's vision to offer a domestic, open-loop, multilateral system which will allow all Indian banks and financial institutions in India to participate in electronic payments.
RuPay, the word itself has a sense of nationality in it. RuPay is the coinage of two terms Rupee and Payment. The RuPay Visual Identity is a modern and dynamic unit. The orange and green arrows indicate a nation on the move and a service that matches its pace. The color blue stands for the feeling of tranquility which is the people must get while owning a card of the brand RuPay. The bold and unique typeface grants solidity to the whole unit and symbolizes a stable entity.
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Payment Processor
National Payments Corporation of India
National Payments Corporation of India (NPCI) is an umbrella organization for all retail payment systems in India. It was set up with the support and guidance from Reserve Bank of India (RBI) & Indian Banks Association (IBA).
Address
1001A, B wing, 10th Floor The Capital, Bandra-Kurla Complex Mumbai, Mahārāshtra 400 051 India
Website:www.npci.org.in
Fax:+91 224 050-8650
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