Question

Identify the false statement regarding RuPay's features and objectives.

1. RuPay is designed to be compatible with existing payment infrastructure like ATMs and POS terminals.
2. The primary goal of RuPay is to offer a secure and cost-effective domestic alternative for card payments.
3. RuPay has been instrumental in promoting financial inclusion by enabling digital transactions for a larger population.
4. RuPay is a subsidiary of Mastercard, focusing on the Indian market.

• A. ii
• B. ഇവയൊന്നുമല്ല
• C. i, ii, iii
• D. iii മാത്രം

Answer 1

Answer:

C. i, ii, iii

RuPay is an independent, domestic payment network developed and operated by the National Payments Corporation of India (NPCI). It offers a secure and cost-effective alternative to international payment networks like Visa and Mastercard, contributing significantly to India's drive towards a less-cash economy and greater financial inclusion. Its widespread acceptance at various points of transaction ensures convenience for consumers and merchants alike.