Question

What is one of the main objectives behind the launch of RuPay?

• A. To promote international trade
• B. To increase the use of physical cash
• C. To reduce reliance on physical cash by encouraging digital payments
• D. To compete with foreign credit card companies

Answer 1

Answer:

C. To reduce reliance on physical cash by encouraging digital payments

One of the primary objectives behind the launch of RuPay was to boost digital payments and drive India towards a "less-cash" economy.

As an affordable and widely accessible domestic card network, RuPay was key to the government's financial inclusion efforts, providing a secure, electronic payment method to the broader population, including in rural areas, and thereby reducing the reliance on physical cash.