The National Payments Corporation of India (NPCI) said that it has introduced the RuPay Contactless feature.
These additional features will augment the overall transaction experience for the RuPay cardholders and revolutionize the overall card payment ecosystem.
This RuPay card comes with a reloadable wallet feature where customers can store money to ensure quick and seamless transactions without any irregularities even if they witness poor connectivity at the POS machines.
The RuPay NCMC (National Common Mobility Card) offline wallet can be used to make ticket payments in transit including metros, bus tickets, cab fares enabling automatic quick cashless payments.
Nalin Bansal, Head of RuPay & NFS, NPCI said, “We are delighted to unveil the new RuPay Contactless feature which is aimed at transforming the transaction experience for customers by deploying enhanced NFC technology and innovative card payment solutions. We are confident that with the advent of the stellar RuPay contactless feature, the acceptance infrastructure for RuPay will increase exponentially and will result in the rapid onboarding of both merchants and consumers in various geographies across the nation. With the recent announcement to increase the transaction limit on contactless payments, customers are set to witness an all-new level of security, convenience, and safety. We, at NPCI, believe that the RuPay Contactless Offline feature will strengthen the digital payments ecosystem by furthering financial inclusion and help realize the dream of a less-cash economy.”