RuPay partners with RBL Bank to launch ‘RuPay PoS’2 min read . Updated: 31 Dec 2020, 03:45 PM IST
- The RuPay PoS will transform smartphones into merchant Point of Sale (PoS) terminals for the retailers
- RuPay PoS will provide cost effective acceptance infrastructure to retailers at no additional capital cost
Mumbai: National Payments Corporation of India (NPCI) announced that RuPay has partnered with RBL Bank to launch an innovative payment solution for Indian merchants – RuPay PoS in association with PayNearby. The RuPay PoS will transform smartphones into merchant Point of Sale (PoS) terminals for the retailers. Merchants will now be able to accept contactless payments of up to ₹5,000 through a simple tap and pay mechanism on his NFC enabled mobile phones. Customers using RuPay cards or have tokenized their RuPay Cards, can carry out contactless payments for their regular purchases.
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