Rupay credit cards were in operation since June 2017, according to NPCI Managing Director and CEO A P Hota with eight public sector banks, one private sector bank and one cooperative bank issuing the card without any formal launch. A pilot project was going on to technically enabling more and more banks in RuPay credit cards with additional five public sector banks and by March 2018, NPCI plans to have 25 banks altogether on board.[13]