Question

Which of the following statements accurately describes RuPay?

1. RuPay is a global payment network primarily operated by Visa.
2. The name RuPay is derived from 'Rupee' and 'Payment', signifying its Indian origin.
3. RuPay is exclusively used for online transactions and is not accepted at physical stores.

• A. ഒന്നും മൂന്നും
• B. രണ്ട് മാത്രം
• C. രണ്ടും മൂന്നും
• D. ഒന്ന് മാത്രം

Answer 1

Answer:

B. രണ്ട് മാത്രം

RuPay is India's domestic card payment network, conceived as a homegrown alternative to international card schemes. Its name is a blend of 'Rupee' and 'Payment'. It is widely accepted across India for ATM withdrawals, Point of Sale (POS) transactions, and online purchases. A key objective behind its launch was to foster a less-cash economy, encouraging the adoption of digital payment methods by Indian banks and financial institutions, as part of an initiative by the Reserve Bank of India (RBI).