India-based Corporation Bank in collaboration with NPCI has launched two variant of RuPay credit card viz. RuPay Platimum and RuPay Select Credit Card.
The cards will be accepted at more than 1.5 million RuPay-enabled PoS terminals and over 80,000 e-commerce merchants in the country.
In addition, the cards can be used at any ICS Partner acceptance points around the world, including PoS and e-commerce merchants.
Corporation Bank managing director and CEO Jai Kumar Garg expects that the cards will aid in accelerating digital payment method and in creating a less cash society.
The bank is also providing personal accident insurance of INR1m on Select credit card and 200,000 on the Platinum card.
Founded in 1906, Corporation Bank is a public-sector entity and operates more than 10,378 service outlets across India.