Choosing the ideal payment network for your debit or credit card after understanding the difference between VISA and RuPay is essential. While both of these payment networks allow you to make and receive all kinds of transactions, they are quite different.
They differ in various aspects, like acceptance, transaction speed, safety, withdrawal limitation and more. Opting for the right payment network for your card is extremely important since it can affect your usage.
Read on to learn all about RuPay vs VISA and make the right choice.
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Understanding VISA Cards
Similar to RuPay, VISA is a payment network that allows payments internationally. Various types of cards using the VISA network for payment processing are called VISA cards. VISA initially started with credit cards, then expanded to prepaid, debit and gift cards.
VISA cards allow you to enjoy these benefits:
- Get fraud protection and stay safe with robust security measures.
- Experience global acceptance and travel benefits.
- Save more with exclusive bonuses, privileges, deals and discounts.
- Always have access to 24×7 global customer assistance service for immediate help in case of theft or loss.
- Enable international transaction facility to use your card for global purchases.
- Stay secure with Visa’s zero-liability policy against unauthorised charges in case of theft or loss.
- Experience multi-layered protection with VisaNet, which provides a secure network and features like ‘Verified by Visa’ and a 3-digit security code for safe financial transactions.
Understanding RuPay Cards
Created by the National Payments Corporation of India, RuPay is a payment service system launched in 2014. It is broadly operational in India as of now. Credit cards, debit cards and other types of cards that utilise the RuPay payment network are known as RuPay cards.
Here are some pros you can benefit from when you choose such cards:
- Enhance your transaction experience with faster processing.
- Enjoy zero network registration fees for RuPay banks.
- Take advantage of low transaction costs.
- Access domestic and international offers for added benefits.
- Earn rewards across various payment types.
- Link your RuPay credit card with UPI for seamless transactions.
- Make contactless payments with your RuPay cards.
- Utilise RuPay as a domestic payment gateway for hassle-free transactions within the country.
- Access banking services conveniently, even in rural areas with limited infrastructure.
- Enjoy higher transaction and withdrawal limits, coupled with mobility, with RuPay debit cards.
- Pay hassle-free as RuPay debit cards are accepted in numerous e-commerce sites, POS terminals and merchant terminals.
- Book train tickets easily through IRCTC using RuPay prepaid debit cards.
VISA Card vs RuPay Card
Check this table to know how cards with these payment networks differ:
| Difference Between VISA and RuPay | ||
| Basis of Difference | RuPay Card | VISA Card |
| Card Types | Debit and credit cards, prepaid and gift cards | Debit, credit, prepaid and gift cards |
| Year of Launch | 2014 | 1958 |
| Speed of Transaction | RuPay processes transactions quickly | VISA processes transactions comparatively slower |
| Processing Fee | The processing charges are comparatively cheaper since they operate domestically | The processing charges are comparatively higher because of overseas processing |
| Acceptance | RuPay cards are accepted by limited countries outside India, such as Singapore, Bhutan and UAE | VISA cards are accepted in India as well as in most other countries |
| Fee Structure | RuPay cards do not have any entry or quarterly charges for financial institutions | VISA cards come with quarterly and initiation fees for banks and other financial institutions |
| Withdrawal Limitation | Withdrawals allowed in India; RuPay Global cards allow withdrawal overseas | Withdrawals allowed in India and abroad |
Selecting the ideal payment network option is all about figuring out how and where you intend to use the cards. If you’re getting a card to use it primarily in India, then RuPay might be the right choice. If you’re a frequent traveller to foreign countries, then it may be feasible to choose VISA as it’s acceptable in various countries, including India.
The best option after you understand the difference between VISA and RuPay is to have cards from both networks in your wallet. This helps you access the advantages of both. A RuPay card that can empower you every step of the way is the Fibe Axis Bank Credit Card.
With this card, you get numerous benefits, like up to 3% cashback on every transaction, up to 4 visits to domestic airport lounges annually, UPI payment facility and much more. It’s easy on your pockets as it comes with zero joining and annual renewal charges! Install the Fibe app or log in to our website to apply for the card hassle-free.
FAQs on the Difference Between VISA and RuPay Card
Is RuPay safer than Visa?
You don’t need to worry about the safety of your finances while transacting through RuPay and VISA cards, as both offer top-notch security.
What are the benefits of a RuPay card?
You can enjoy the following benefits with a RuPay card:
- Enjoy low transaction costs
- Access domestic and international offers
- Earn rewards on different payments
- Experience quicker processing on transactions
- Easily link RuPay credit cards with UPI
- Make contactless payments easily
Is RuPay accepted internationally?
Since they’re domestic cards, general RuPay cards are only available for transactions in India. However, with the international card by RuPay, you get the flexibility of carrying out transactions internationally at:
- Points of sale machines
- Online shops
- ATMs outside of India
