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Saturday, October 17, 2015
H
Banking Awareness
ello,
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I am Rashmi Kushwaha, here i am
sharing some important difference between Rupay vs Mastercard and Visa. Some people knows everything about Rupay but here some point which differ from Msatercard and visa. Happy Reading :)
RuPay Des
MasterCard and Visa
crip tion Wh
Only in India
Woldwide
Pro
Less Service Charge to the payment gateway.
Service charge
cess
Eg: if a person does a transaction of say Rs. 2,000 then banks will have to high
ing
pay around Rs. 2.50 when RuPay is used. whereas for the same transaction compare to the
Fee
amount, Visa or Mastercard will charge Rs. 3.25.
ere to use as
RuPay
Qua Won’t be required
Banks have to
rter
pay
ly
fee.
quarterly
Fee Join No joining Fee for the bank
Pay Entry fee
ing
to be the part of
fee
their network.
Note : RuPay is Offered by Public sector, Pvt. Sector, Rural and Co-operative banks. under Pradhanmantri Jan Dhan Account, Every Account holder will get RuPay Debit Card for free. On 24March2015, IRCTC RuPay Pre-Paid Debit card was launched for booking train tickets sponsored links
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