Rupay card is Mastercard or not

Friends, do you know what is MasterCard? What is the Difference in MasterCard and RuPay? Today in this article we tell you What is MasterCard and Rupay Card in full Detail. In the era of today's digital payments, we all want whatever payment we make online or cashless.

In this way, we often use our debit card or credit card. But have you ever seen your debit card or credit card carefully? It is written by any bank that we have written MasterCard or Visa card or RuPay card. Today we will tell you the logos that what is this MasterCard?

What is Plastic Money?

When we use atm card, debit card, credit card in any kind of transaction in place of hard cash, this card is known as plastic money and the transaction is called cashless.
Now which is an ATM card, a debit card, a credit card can be a MasterCard, a Visa card, or a RuPay card.

What is MasterCard?

Any bank in India giving a debit card or atm card is often a MasterCard or Visa card or RuPay card. After all, what is this? Actually, these three are a payment gateway. When you use them, whether it is a debit card or a credit card, you should use them in atm or use someone in a POS machine to make payments. It is not necessary that the person you are paying is also the account holder in the same bank, it can be the account holder of any bank.
In this situation, we need a middleman who can handle these transactions easily, and forward the transaction forward. Now, this gateway works like a channel between your bank and the bank you are sending money to. And your commission takes it.
MasterCard is a foreign payment gateway that provides payment gateway facility to most banks of the world through their card.

What's the RuPay Card?

RuPay card is an Indian payment gateway or it is a domestic payment gateway, and its full name is Rupee payment. It is made by NPCI to use only in India and it does the same work. Those who do MasterCard and Visa cards. MasterCard and Visa card are foreign companies or American companies. And their commission is high. But due to the Indian company RuPay card, its commission is also low.

 Difference between MasterCard and Rupay Card

• MasterCard is an American company and when we use its card, it goes to the company's server for data processing and verification. The process slows down. Whereas RuPay uses the card, it remains in its own country for data processing and verification. Whereby its processing is fast.
• With RuPay card you can make all kinds of online payments. There are about 10000 websites which are accepting payment from RuPay card. This number is less than MasterCard but it is slowly growing. Because all the accounts opened under the Janshana Yojana by the Prime Minister were given to RuPay Card only.
• When banks provide MasterCard, then the bank has to pay extra charges. Whereas when banks give the RuPay card they do not have to give them any type of extra charge.
• You can use MasterCard in any one of the world countries. Whereas the RuPay card linkup is with the network, you can use it only in the country where they are eclipsed. This means that you can not use the RuPay card in all the countries of the world. It can be used in a few countries.
• MasterCard debit card and credit card are available in both formats. While the credit card has not yet arrived in RuPay card. It is currently only available on the debit card.
• in India, If you pay any bills from MasterCard like Bill of Water, water bill or petrol, you get no relief. Whereas if you do this work with RuPay card, you will get some relief.

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Conclusion

By the way, we can use the RuPay card instead of MasterCard to be beneficial for people. Because the government is also encouraging it. And RuPay card is also being accepted everywhere in India.
I hope you guys have understood this well that the plastic money does not work? And what is MasterCard? What is the MasterCard in Mastercard and RuPay? If there is any suggestion or complaint, we would be happy to tell you through the comment box. If you liked this article, please share it on facebook, twitter.