Updated Mar 05, 2021 | 15:20 IST
This facility can be used on NCMC cards and RuPay Tokenized Card on mobile/ wearable to make payments in a secure and time-efficient manner
NPCI teams up with SBI Payments to launch ‘RuPay SoftPoS’ solution  |  Photo Credit: BCCL
New Delhi: National Payments Corporation of India (NPCI) on Friday has announced a partnership with SBI Payments to announce the launch of ‘RuPay SoftPoS’ for millions of Indian merchants. This innovative solution has the capability to transform NFC-enabled smartphones into merchant Point of Sale (PoS) terminals for the retailers. Merchants will now be able to accept contactless payments of up to Rs 5000 through a simple tap and pay mechanism on their smartphones.