JOIN USThe National Payments Corporation of India (NPCI), the nodal agency for digital payment systems in the country, will soon launch its RuPay credit cards for which it has roped in a few banks.
“Our credit cards will be launched soon. These would be RuPay credit cards. A pilot is going on with five banks. In the pilot, about 7,200 transactions have taken place,” NPCI MD and CEO A P Hota said.
Punjab National Bank, Central Bank of India, IDBI Bank, Andhra Bank and Union Bank are working under the pilot project.
“Three more banks will come under credit card product. We will launch the RuPay credit cards soon,” Hota said.
Besides, the agency will also roll out an inter-operable tap-and-go card for transit fare payments in buses and metro trains.
“We will start these inter-operable tap-and-go cards for transit payment for metro and bus ride. We are starting this tap-and-go card with Bengaluru first. From June, the service will be expanded to Kochi and Ahmadabad,” Hota said.
Speaking about the digital payment expansion in the country, he said that the NPCI has now about 2.30 lakh bank ATMs and three crore points of sale terminals under its fold.
He said that installation of micro-ATMs by banks through their business correspondents and the Aadhaar pay platform will help acceptance of digital payments in rural areas.
Hota also said that about 12 more banks will join the NPCI infrastructure soon. Currently, there are 44 banks which are already under it.