News

Discover Financial Services to partner with Indian payments corp

March 7, 2012

Discover Financial Services and National Payments Corporation of India today announced a strategic alliance that will result in acceptance of Discover cards and Diners Club International cards at NPCI ATMs and point-of-sale terminals for purchases in India, a press release from Discover announced. It also will allow cardholders served by India's national payment network, RuPay, to utilize Discover products and services for purchases and cash access outside of India.

Under the agreement, ATM and POS transactions by RuPay network cardholders within India will be processed on the RuPay network. Outside of India, RuPay Global Card transactions will be processed on Discover, Diners Club and PULSE ATM networks.

"This partnership with RuPay further demonstrates our commitment to creating an ecosystem where local networks can thrive and offer more value and utility to their cardmembers," said Diane Offereins, executive vice president and president of Discover Payment Services. "By opening up our global payments network to RuPay cardmembers, we are participating in one of the fastest growing countries for payment cards in the world. Discover and Diners Club cardmembers also will benefit from their ability to more broadly use their cards to access cash or make purchases throughout India."

Other Discover network-to-network alliances include UnionPay in China, JCB in Japan, BCcard in Korea and DinaCard in Serbia. 

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