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Digital Payments | NPCI teams up with SBI Payments to launch 'RuPay SoftPoS' for merchants


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. ....

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SBI Payments to launch YONO merchant app


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.
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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. ....

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SBI YONO Merchant app launch SBI Payments State Bank of India


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SBI Payments to launch YONO Merchant App
SBI Payments, a subsidiary of India s largest lender State Bank of India, will launch YONO Merchant App to provide low-cost digital payments infrastructure to merchants, the bank said on Saturday. YONO Merchant App will expand digitization of merchant payments in the country, SBI said in a release.
Aiming to enable millions of merchants through mobile-led technology to accept digital payments, SBI plan to deploy low-cost acceptance infrastructure across India over the next two years targeting 20 million potential merchants across India in retail and enterprise segment.
This will help boost digital payments acceptance infrastructure in tier 3, 4 as well as north eastern cities. ....

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