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.
SBI Payments to launch YONO merchant app
Merchants will now be able to turn their NFC enabled Android smartphones into payment acceptance devices through a simple mobile app.
Share Via Email
| A+A A- By Express News Service
NEW DELHI: India’s largest lender, State Bank of India, will launch a YONO merchants app to enable 20 million merchants from tier 2, 3 cities to adopt digital payments.
The lender plans to deploy low-cost acceptance infrastructure across India over the next two years targeting the potential merchants across India in the Retail and Enterprise segment.
The initiative will enable near field communication (NFC) enabled smartphones of merchants to turn into Pointof- sale devices after downloading the app.
SBI Payments launches YONO Merchant App: Find out app details and uses freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.