NPCI partners PayCore to help merchants accept contactless payments

The National Payments Corp. of India (NPCI) has partnered with Turkey’s global payment solutions company PayCore as one of the certified partners for RuPay SoftPOS to drive cashless payments across the country. RuPay SoftPOS enables merchants to accept payments securely from contactless cards, mobile wallets, and wearables just with their mobile phones.

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Under this association:

• NPCI has authorized the SoftPOS solution developed by PayCore for RuPay. This solution can be integrated into bank or aggregator acquiring systems to enable acquiring of RuPay using mobile phones enabled with NFC capability or add-ons.
• Millions of merchants now can convert their near field communication-enabled (NFC) smartphones into a POS machine to accept contactless payments through RuPay SoftPOS.

Important takeaways for all competitive exams:

• National Payments Corporation of India MD & CEO: Dilip Asbe.
• National Payments Corporation of India Headquarters: Mumbai.
• National Payments Corporation of India Founded: 2008.

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