RBI MPC announcements: RuPay also allows tokenisation to allow cards to be tokenised on smartwatches, wearables, IoT-enabled devices, and allowing them to conduct card payments.
SafexPay appoints Swapnil Jambhale as Director & COO adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
RuPay aims to gain traction with the India diaspora who believes in the Power of India Kunal Kalawatia, Chief of Marketing, NPCI, talks about leveraging the growing need for contactless payments globally by
Updated: Mar 8, 2021 4:52 PM
Kunal Kalawatia, Chief of Marketing, NPCI talks about the growing need for contactless payments, technological innovations in digital payments, expansion plans and more.
How has consumer behaviour towards digital payments evolved in the last year?
Digital Payments have been fulfilling the deep need of consumers like ease, speed, and safety. The growth was accelerated and UPI (Unified Payment Interface) in particular. We saw rapid adoption during the pandemic with over 2 billion transactions per month. The pandemic has added hygiene to the need of the consumers and making payments through UPI, RuPay Contactless and NETC solves this need. For the first time, consumers are actively seeking Digital Payments. Th
NCMC to be fully operationalised on Delhi Metro’s Airport Express Line with RuPay 55
Mumbai: National Payments Corporation of India announced that the Delhi Metro Rail Corporation will accept the National Common Mobility Card (NCMC) for metro travel on the 23 km long Airport Express Line from New Delhi to Dwarka Sector-21 starting 28th December 2020.
With this initiative, more than 1 crore RuPay contactless cardholders can use their cards on this line seamlessly to board on the train and skip long ticketing queues. Passengers travelling on the Airport Line need not buy a separate token or card to board the train as their RuPay card will act as the travel ticket. This facility will be available on the entire Delhi Metro network by 2022.
NPCI introduces a new reloadable wallet feature for offline RuPay contactless payments
With the reloadable wallet feature, customers can store money to ensure quick transactions without any irregularities even if they have poor connectivity at the POS machines.
Dec 22, 2020 13:15:13 IST
The National Payments Corporation of India (NPCI) has introduced the RuPay Contactless (Offline) feature. The feature also provides reloadable wallets within RuPay Card for everyday transit payments as well. According to a statement by NPCI, it has also introduced the feature for retail payments on pilot basis, adding that the features will augment the overall transaction experience for RuPay cardholders and help evolve the card payment ecosystem. As per NCPI, the RuPay card comes with a reloadable wallet feature where customers can store money to ensure quick and effortless transactions without any irregularities even if they have poor connectivity at the POS machines.