Railways impetus a major boost for RuPay

In a major thrust to RuPay’s increasing market share, the Ministry of Railways has advised its 12.54 lakh workforce to convert their Debit/ATM Cards to RuPay powered cards. The largest employer in the country pays ₹1,54,214 crore per annum as wages into the salary accounts of its staff. The move is seen as a boost to Prime Minister Narendra Modi’s ‘Aatma Nirbhar Bharat’ and ‘Digital India’ initiatives. RuPay is a product of the National Payments Corporation of India, an umbrella organisation that facilitates retail payments and acclaimed to be India’s first-of-its-kind global card payment with wide acceptance across ATMs, e-commerce platforms and POS machines.