NPCI launched RuPay SoftPoS for Merchants with SBI Payments
National Payments Corporation of India, the umbrella entity for digital payments in India, and SBI Payments have partnered to launch “RuPay SoftPoS”.
What is “RuPay SoftPoS”:
- It will provide a seamless, cost-effective acceptance infrastructure to retailers at a nominal cost.
- it will also play a role in boosting digital payment acceptance among millions of underserved Indian MSMEs.
- It will also help Merchants to use near-field communication (NFC)-enabled smartphones as the point of sale (PoS) terminals in order to receive payment up to Rs 5,000 using a simple tap and via pay mechanism.
About NPCI –
Headquarters location: Mumbai
About SBI Payments –
CEO: Ashwini Kumar Tewari