Which of the following is true about the RuPay card payment network launched recently ........

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Which of the following is true about the RuPay card payment network launched recently?

All Indian banks including cooperative banks are allowed to issue.

It has nothing to do with financial inclusion.

All other cards issued by the banks will become useless.

Kissan credit cards will have to be remodeled.

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Explanation:

First option is correct i.e. All Indian banks including cooperative banks are allowed to issue.

RuPay is India’s indigenous card scheme created by the National Payments Corporation of India.It was conceived to fulfill RBI’s vision to offer a domestic, open-loop, multilateral system which will allow all Indian banks and financial institutions in India to participate in electronic payments.It is made in India, for every Indian to take them towards a “less cash” society.