RuPay Card in Gulf Kingdom

Launched in 2012, RuPay is a highly secure network that protects against cyber hacks and is India's version of Master Card and Visa. Today, there are close to 500 million RuPay cards in circulation in India.

RuPay, after being launched in the UAE, Bahrain, Singapore, and Bhutan; India, on Tuesday, signed an agreement with Saudi Arabia to launch the RuPay card in the country, making it the third nation in West Asia to initiate India's digital payment system. The move will benefit not only the 2.6 million Indians in the Gulf Kingdom but also Haj and Umrah pilgrims.

As per the available data, over 2.6 million Indians are working in Saudi Arabia, the largest expatriate community in the country. Nearly two lakh Haj pilgrims and over 300,000 Umrah pilgrims from India visit Saudi Arabia every year, and acceptance of the RuPay card will allow them to transact at cheaper rates. 

RuPay has also tied up with international players like Discover, Japan Credit Bureau, and China Union Pay to enhance its global acceptance. It recently achieved a milestone of issuing 25 million RuPay cards.

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