RuPay aims to empower every Indian with a world class payment solution
The three other countries that have the RuPay card are Bhutan, Singapore and the United Arab Emirates
Praveena Rai, Chief Operating Officer of NPCI, said it was delighted to partner with BCCI for IPL, one of the most celebrated sports leagues
Digital transactions have increased many times, but their average ticket size is not growing for the domestic payments card.
Worldline said that it has developed a fully interoperable plug-and-play solution to enable card on file tokenisation using single integration
In a country where many state initiatives have been marred by glitches, delays, and corruption, RuPay and the UPI are revolutionary achievements
The solution will help merchants enable their end-customer to continue experiencing the saved card transactions with enhanced security
The solution will help merchants enable their end-customer to continue experiencing the saved card transactions with enhanced security
According to Mashable, this move means that Apple users can now pay using domestic payment systems as well as international payment systems
The bank has tied up with National Payments Corporation of India for issuing RuPay cards and will ink a similar deal with VISA
The idea behind SoftPoS is merchants can use their NFC-enabled smartphones as point of sale (PoS) machines to accept contactless payments
Introduced 9 yrs ago, the indigenous card payment network has cornered a sizeable market share, thanks to govt push
It will enable the merchants to turn their smartphones into a PoS machine
With AllTap, small merchants who aren't ready to invest in a traditional point-of-sale terminal can immediately start accepting digital payments on their NFC-enabled smartphone
As of November 2020, around 603.6-million RuPay cards have been issued by nearly 1,158 banks
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Prime Minister Narendra Modi along with his Bhutanese counterpart Lotay Tshering launched RuPay card Phase-II that will allow Bhutanese card holders to access the RuPay network in India
Though difficult to compete with RuPay, these firms can remain relevant in India's hugely underpenetrated market, say experts
To encourage digital transactions and move towards a less-cash economy, the government inserted a new provision, Section 269SU, in the Finance Act, 2019
It wants to take its products UPI and RuPay Card global and assist other countries in establishing a 'real time payment system' or a 'domestic card scheme'