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Retail payments service provider National Payments Corporation of India on Friday launched its e-commerce solution ‘RuPay PaySecure’ to facilitate online payments by customers.
The customers can utilise this service for, among others, ticketing, shopping and paying utility bills via the Internet and mobile.
“NPCI has tied up with over 100 merchant Web sites across multiple categories that would accept the RuPay card for online payment services. NPCI aims to cover 100 per cent of the e-commerce market by this year-end,” the company said in a statement.
RBI Deputy Governor H. R. Khan, who was present at the event, said banks must build a sustainable solution with the right pricing and security measures and also create awareness among the consumers.
Khan further said the whole product system should evolve together as the cash-delivery system is still prevalent and must be done away with as it does not serve the purpose of e-commerce.
NPCI has invested about Rs 15 crore on this facility and also tied up with US-based online security firm Acculynk to address Internet-based frauds targeted at banks and customers.
beena.parmar@thehindu.co.in
Source: thehindubusinessline
The customers can utilise this service for, among others, ticketing, shopping and paying utility bills via the Internet and mobile.
“NPCI has tied up with over 100 merchant Web sites across multiple categories that would accept the RuPay card for online payment services. NPCI aims to cover 100 per cent of the e-commerce market by this year-end,” the company said in a statement.
RBI Deputy Governor H. R. Khan, who was present at the event, said banks must build a sustainable solution with the right pricing and security measures and also create awareness among the consumers.
Khan further said the whole product system should evolve together as the cash-delivery system is still prevalent and must be done away with as it does not serve the purpose of e-commerce.
NPCI has invested about Rs 15 crore on this facility and also tied up with US-based online security firm Acculynk to address Internet-based frauds targeted at banks and customers.
beena.parmar@thehindu.co.in
Source: thehindubusinessline
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