Couple of days back in TOI I read about RuPay. Until I read that, I was unaware of what it is.The National Payments Corporation of India has built an indigenous payment gateway for India by name IndiaPay. The IndiaPay Payment Engine is a comprehensive, end-to-end, modular solution that offers several key features, including immediate paper check truncation with straight through processing from merchant’s counter top, which can enhance security and control for financial institutions and their corporate customers.
IndiaPay is now being rechristened to RuPay as there was a conflict with two other organizations who have a similar name.RuPay is a institution whose shareholding pattern is covered by 10 banks six of which are public sector banks, two private sector and two foreign sector bank. Its promoted by RBI.
RuPay is going to take Head On with international giants like MasterCard and VISA in the cards space to increase the expense via cards to the global standard of 40 %.
The tagline for IndiaPay is India's Payment Superstore.
IndiaPay is now being rechristened to RuPay as there was a conflict with two other organizations who have a similar name.RuPay is a institution whose shareholding pattern is covered by 10 banks six of which are public sector banks, two private sector and two foreign sector bank. Its promoted by RBI.
RuPay is going to take Head On with international giants like MasterCard and VISA in the cards space to increase the expense via cards to the global standard of 40 %.
The tagline for IndiaPay is India's Payment Superstore.
