What is RuPay Card, VISA Card and Master Card?

Have you ever noticed that on the credit or debit card, RuPay card or Visa or MasterCard is written, even if we have taken it from any bank. Why is it so, what is the difference between them, whether RuPay Card can be used internationally or not etc. Let us study through this blog.

Let’s first study about the ATM Card

Earlier people used to go to the bank to withdraw money, bear long-range lines and also face many problems. Keeping all this in mind, the bank implemented a credit or debit card to withdraw money from ATM machines and to get the ATM Card the applicant needs to apply it. After applying whether for debit or credit card, the bank offers 3 types of ATM card i.e. RuPay Card, Visa Card or MasterCard. Now people have started withdrawing money from ATM machines without going to the bank. So, we can say that these cards are a type of Payment Gateway Card.

RuPay Card

Rupay Card is an Indian domestic card conceived and launched by NPCI in 2012. It was introduced in the Indian payment system to reduce the monopoly of foreign gateways like Visa and MasterCard because these are foreign companies or American companies and their commission is high i.e. the cost of transaction is high. Therefore, we can say that RuPay Card is an Indian payment gateway. It also works like Visa or Master Card and its commission is low. RuPay facilitates electronic payment at all Indian banks and financial institutions. Nowadays all major public sector banks, including SBI, have started issuing RuPay cards to all their customers.

Visa and MasterCard

Visa Card and MasterCard are a foreign payment gateway that provides payment facility to most of the banks in the world. There is no special difference in MasterCard and Visa Card. Both of these are ATM cards and their work is similar. They are international cards; payment can easily be done everywhere.

However, neither Visa nor MasterCard actually provides any credit card to anyone. These are both payment methods. They rely on banks of different countries to issue credit cards using the payment methods. Therefore, interest rates, rewards, annual fees and all other charges are issued by the bank and so, when you pay your bill, you are paying it to the bank or institution issuing your card, Visa or MasterCard.


Now let us study the difference between Rupay Card, Visa Card and MasterCard

  • RuPay Card is an Indian Domestic Debit Card whereas Visa or MasterCard is an International System debit card.
  • The main difference between RuPay, MasterCard or Visa Debit Card is the operating costs. Since every transaction through RuPay will take place within India, the banks will have to pay less service charges to the payment gateway as compared to Visa, MasterCard.
  • Visa or MasterCard is an American company and when we use its card, then for data processing and verification, the server goes to the company’s server, which reduces processing. Whereas RuPay card is used for data processing and verification in India only so, its processing is fast.




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