Aims to stimulate digital payment acceptance among millions of Indian MSMEs
08 Mar, 2021 - 09:24 AM IST | By indiantelevision.com Team
NEW DELHI: National Payments Corporation of India (NPCI) has partnered 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 5,000 through a simple tap and pay mechanism on their smartphones.
RuPay SoftPoS will provide cost effective acceptance infrastructure to retailers at nominal cost. This unique phenomenon would be able to proliferate digital payment acceptance among millions of underserved Indian MSMEs. Merchants can convert their existing android smartphone devices into a payment terminal by simply downloading a supported app. This solution will revolutionise the way mic
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.