By Admin 
RuPay Card In Russia: Russian President Vladimir Putin is on a two-day visit to India. During President Putin’s visit, many important agreements will be completed between India and Russia. Not only this, there will also be talks on starting a digital payment system between the two countries. If this happens, then Russia’s Fast Payment System i.e. SBP and India’s United Payment Interface i.e. UPI will be easily used by citizens of each other country.
Let us tell you that India and Russia are already talking about the use of RuPay card in Russia. If Vladimir Putin approves this agreement. So Indians will be able to use India’s Rupay card in Russia and someone from Russia comes to India. So the Mir card there will be able to be used in India. How much will be charged for this? How will this card work? Let us tell you the complete information.
How will Rupay be used in Russia and Russian Mir in India?
At present, Western countries have banned SWIFT and International Card Network for Russia. Due to which most of the people coming to India from Russia make payment in cash only. Similarly, MasterCard and Visa cards of travelers going from India to Russia are not able to be used there.
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But because RuPay card is Indian and Mir Russian, citizens of both the countries can make payments anywhere through the card. For this, Russia’s SBP i.e. Faster Payments System will be used. This is exactly the way UPI works in India.
Will there be any charge?
When you use your country’s card somewhere abroad. So for this you have to pay some charges. Which is called foreign transaction fee. Approximately 1% to 3% has to be paid on every transaction. If you withdraw money from ATM abroad.
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So you may have to pay extra charges for this. If you use Indian RuPay card in Russia, you may have to pay these charges there also. Similarly, Russian people will be able to use Mir card in India. However, will there be any separate charges? Information about this will be available only when the official announcement is made.
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