Question

Which of the following is a new card payment mechanism launched by National Payment Corporation of India (NPCI)?

• A. MPay card
• B. V Pay card
• C. GPay card
• D. RuPay card

Hint:

{RuPay} is India’s domestic card payment network developed by {NPCI} to promote digital payments within the country.

Answer 1

The Correct Option is D

Step 1: Understanding digital payment systems in India.
India has experienced rapid growth in digital payment systems due to government initiatives such as Digital India. To promote domestic card payment systems and reduce dependency on international networks like Visa and MasterCard, the National Payments Corporation of India introduced a new card system.
Step 2: Introduction of RuPay card.
RuPay is an indigenous card payment network launched by the National Payments Corporation of India (NPCI). The name RuPay is derived from the words Rupee and Payment.
It is designed to facilitate electronic payment at ATMs, POS machines, and online platforms. RuPay cards are widely used in government financial inclusion schemes such as Pradhan Mantri Jan Dhan Yojana.
Step 3: Analysis of options.
(A) MPay card: Incorrect. This is not a recognized national card payment network.
(B) V Pay card: Incorrect. This option does not correspond to an NPCI payment system.
(C) GPay card: Incorrect. Google Pay is a digital payment application, not a card network.
(D) RuPay card: Correct. It is India's domestic card payment network developed by NPCI.
Step 4: Conclusion.
Therefore, the card payment mechanism launched by the National Payments Corporation of India is the RuPay card.
Final Answer: RuPay card