NPCI ties up with Yes Bank for ‘on-the-go’ payment solution
NS National Payments Corporation of India (NPCI) has partnered with private sector lender Yes Bank To launch the first of its kind ‘Rupay on the Go’ Contactless payment solution. RuPay On-the-Go contactless solution primarily a wearable payment solution, has been launched to enable customers to make small and large value transactions with everyday wear accessories.
The solution will eliminate the need to carry a physical card, and customers can use the solution and make payments over RuPay contactless-enabled PoS at retail outlets Rs 5,000 without the need for a pin. The solution is based on a simple ‘Tap, Pay, Go’ mechanism. It has been launched in collaboration with Fintech Infrastructure Partner NeoCred and Manufacturing Partner Seshasai.
Important facts for all competitive exams:
- National Payments Corporation of India MD & CEO: Dilip Asbe.
- National Payment Corporation of India Headquarters: Mumbai.
- Establishment of National Payments Corporation of India: 2008.
- Yes Bank Headquarters: Mumbai, Maharashtra.
- MD & CEO of Yes Bank: Prashant Kumar.
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