RuPay, launched by National Payments Corporation of India (NPCI), is a domestic debit card, only allowing Indian online shoppers to use this payment method via 'RuPay PaySecure'. RuPay debit card issuance has grown to over 3 million (June 2013) and are now being issued by 20 commercial banks, 32 Regional Rural Banks and over 75 co-operative banks. To ensure only legitimate transactions, the shopper will need to confirm a Rupay payment by entering a one-time password, confirm their personally picked image and personal PIN. Bank of Baroda, Union bank of India and Kotak Mahindra Bank are first banks that have joined as Rupay acquiring banks. NPCI's RuPay PaySecure solution has integrated with 100-plus merchant websites across various categories.
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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.
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RuPay, launched by National Payments Corporation of India (NPCI), is a domestic debit card, only allowing Indian online shoppers to use this payment method via 'RuPay PaySecure'. RuPay debit card issuance has grown to over 3 million (June 2013) and are now being issued by 20 commercial banks, 32 Regional Rural Banks and over 75 co-operative banks. To ensure only legitimate transactions, the shopper will need to confirm a Rupay payment by entering a one-time password, confirm their personally picked image and personal PIN. Bank of Baroda, Union bank of India and Kotak Mahindra Bank are first banks that have joined as Rupay acquiring banks. NPCI's RuPay PaySecure solution has integrated with 100-plus merchant websites across various categories.
India
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| Website | http://www.npci.org.in/PaySecure.aspx |
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MUMBAI | RuPay, India's own payment scheme is now live on DirecPay's payment gateway. Direcpay is part of TimesofMoney, India's premier digital payments service provider. For indian ecommerce merchants, this opens up the possibility to accept RuPay Debit card payments for purchases conducted on their websites. Read more
NEW DELHI | India now has its own payment gateway called RuPay. Launched two weeks ago, the RuPay payment gateway has been set up by the National Payments Corporation of India (NPCI) to facilita [...] Read more
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