Diference between rupay visa and mastercard 3 card full Detail

Thursday, 15 December 2022

Diference between rupay visa and mastercard 3 card full Detail

Diference between rupay visa and mastercard: While using your debit card you must have noticed that each card has a logo of RuPay Card, Visa Card or Mastercard. All of these are payment networks that allow providers to process any kind of transaction. Visa and Mastercard are international payment networks, while RuPay is India’s first-of-its-kind domestic payment network. Let’s understand the difference between these networks through this article.

WHAT IS RUPAY CARD WHAT IS VISA CARD WHAT IS MASTERCARD

About Rupay card

RuPay has made a significant impact on the retail payment systems in the country. Dedicated to the nation by our Hon’ble President, Shri Pranab Mukherjee, endorsed by the Hon’ble Prime Minister, Shri Narendra Modi and later made the card of choice for the ambitious Pradhan Mantri Jan Dhan Yojana, RuPay is now a known name.

RuPay in last seven years has launched various card variants catering to the different segments of the society.

In addition to the Government scheme cards, RuPay Classic, Platinum & Select variant cards are designed for the masses and affluent customers. RuPay offers excellent privileges and benefits such as International Acceptance, Domestic and International Airport Lounge Access, free personal accidental death and permanent total disability insurance coverage , various merchant offers, different Cashback scheme, Health and Wellness benefits to appeal to the mass and affluent customers.

Keeping in pace with continuous development and innovation in the ecosystem, RuPay has developed a bouquet of new innovative products such as RuPay Contactless With the vision of One Card for all Payment systems, RuPay Contactless has revolutionized payments by introducing offline wallet-based payment mechanisms and service area features for storing merchant/operator-specific applications. This product enables seamless payment across all use cases, including travel by different metros and other transport systems across the country, retail shopping, and purchases.

VISA CARD

What Is a Visa Card?
A Visa card is a payment card that uses the Visa network and is branded by Visa. The company began with just credit cards, but it has since branched out to include debit, prepaid, and gift cards as well. Although Visa cards bear the Visa symbol, they are not issued by the company itself. Instead, they are issued by partnered financial institutions.

A Visa credit card is a credit card that uses the Visa network to authorize and process payments between consumers, the government, and businesses. Visa credit cards are easily identified by the brand mark in one of the top corners or the bottom right of the credit card.

Visa is one of four major credit card networks in the United States, along with MasterCard, Discover, and American Express. The company creates credit card products that banks and financial institutions can offer to consumers and facilitates transactions made with those cards.

Mastercard

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.