Mumbai, November 10
Finance Minister Nirmala Sitharaman on Tuesday asked banks to “only promote” RuPay Cards and ensure that National Payments Corporation of India (NPCI) becomes a brand India product. Pitching for increased digital payment modes, including adopting Unified Payment Interface (UPI), Sitharaman urged banks to discourage non-digital payments as much as possible.
Addressing the 73rd annual general meeting of the Indian Banks’ Association (IBA), she also said banks should ideally make sure all accounts are linked with Aadhaar number of respective customers by December. If it is not complete, then the linking should be done by March 31, 2021.
Against the backdrop of entities pushing for digital and contactless payment options, Sitharaman said when RuPay is becoming global, she would not think of giving any card, other than RuPay, to Indians. — PTI