Vijaya Bank promotes RuPay-branded debit cards in Gujarat

Vijaya Bank has enabled its merchant terminals for usage of RuPay-branded debit cards in Gujarat, urging customers to make use of the new indigenous payment facility.

A function was held at its Regional Head Office here to enable merchant terminals in the use of RuPay-branded debit cards.

Ajay Kumar Khurana, Regional Manager, said with the enabling of the bank’s ATMs and POS terminals for the RuPay brand, Vijaya Bank has joined the league of banks whose payment and settlement systems for domestic card transactions are settled within the country.

RuPay is an indigenous payment and settlement system that was developed by the National Payments Corporation of India (NPCI) in October.

So far, Vijaya Bank has issued two variants of the card, i.e. RuPay debit card for financial inclusion projects and general customers and Kisan debit cards for the farming community.

Till now, the usage of RuPay cards was restricted to ATMs. With the activation of the bank’s POS terminals with the RuPay brand, RuPay card usage has been extended to ME terminals. Apart from payment services on the card, NPCI is supporting banks in India for other alternate delivery channels such as mobile banking, IMPS, cheque truncation and NEFT/RTGS services.

Vijaya Bank Chairman and Managing Director H. S. Upendra Kamath launched the RuPay debit card in Bangalore last week in the presence of NPCI CEO A. P. Hota, the release added.

Source: thehindubusinessline