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 RuPay debit cards to gain from small finance banks

RuPay is set to emerge as the dominant debit card with small finance banks set to start operations soon. Till March 30, 178 million RuPay debit cards had been issued under the Jan Dhan Yojana against 662 million debit cards issued by the banking industry, according to the Reserve Bank of India. The National Payment Corporation of India (NPCI) has held consultations with small finance bank licensees on the use of RuPay cards.

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