SBI Payments partners with Hitachi Payment Services for e-RUPI
SBI Payments has partnered with Hitachi Payment Services in order to develop the capability to acquire e-RUPI transactions on the Yono SBI Merchant app. Recently, the National Payments Corporation of India (NPCI) has launched the e-RUPI platform on 2 August. SBI Payments has implemented it for the first time at a private covid-19 vaccination centre in Mumbai.
- Merchants will now use the ‘UPI Voucher’ feature on the Yono SBI Merchant App to accept prepaid UPI e-vouchers in a convenient and easy manner. Moreover, Hitachi Payment Services will also provide its support for SBI Payments in merchant on-boarding and merchant transaction settlements for eRUPI.
- It is a prepaid UPI e-Voucher that can be redeemed either through a QR code or an SMS.
- it is an easy, convenient and secure mode of payment.
- It is a secure and digital form of payment for government institutions and private entities.
For all the latest Updates, download PrepareExams App.