The National Payments Corporation of India (NPCI) has rolled out a substantial cashback incentive for RuPay International Card users.
According to the NCPI release reported by the Economic Times (ET), Indians travelling to the UAE, Singapore, Sri Lanka, the UK, the US, Spain, Switzerland and Thailand can now get back up to Rs 16,000 cashback per month by getting their RuPay International Card activated.
With RuPay International cards --JCB, Discover and Diners Club--customers using multiple cards can earn more cashbacks under the 'RuPay Travel Tales' campaign.
Customers will have to do a minimum transaction of Rs 1,000 to be eligible for earning cashback. The maximum cashback is capped at Rs 4,000 for a single transaction. The offer is available for customers using the card four times a month and that can give them a chance of earning up to Rs 16,000 as cashback.
Praveena Rai, COO, NPCI said, "We always aim to create an end-to-end value proposition for RuPay International cardholders to make their overseas travel experience seamless and memorable. The campaign is not only providing an exciting platform for travelers to earn cashbacks but also motivating them to migrate towards digital transactions nationally and globally".
Apart from earning cashbacks, RuPay International cardholders can access to RuPay affiliated domestic/international airport lounges.
The NCPI release added that they also can avail attractive offers on booking international fights and hotels in association with Thomas Cook and Make My Trip.
RuPay has tied up with Discover Financial Services (DFS) and Japan based JCB International, which allows RuPay users the access across 190 countries.
Currently, there are over 1,100 banks live on RuPay platform including SBI, HDFC Bank, Axis bank, among others. The NCPI shared that RuPay card base has crossed 600 million, half of which are in the mid and premium segments.
The NPCI was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. An initiative of Reserve Bank of India (RBI) and Indian Banks Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, NPCI was started for creating a robust payment and settlement infrastructure in the country.