RuPay records 100 per cent jump in usage at PoS

Mumbai, Nov 11 (UNI) National Payments Corporation of India (NPCI) said that there has been an impressive surge in the usage of RuPay cards at Point of Sale (PoS) terminals at shops and other retail outlets. During last two days (November 9 and 10, 2016), RuPay usage on PoS / e-Commerce was around 8 lakh transactions a day compared with a daily average of 4 lakh transactions earlier. The value of transactions almost doubled.
Mr. A. P. Hota, MD & CEO, NPCI said, ''It is heartening to witness a good number of first time users at PoS terminals. Using the PoS is even simpler than using on ATM. When there are restrictions on withdrawal of cash in the aftermath of demonetisation of notes, usage of payment cards at PoS for all day-to-day purchases is the
ideal way to transact.''
Immediate Payment Service (IMPS) and Unified Payments Interface (UPI) usage has doubled. IMPS and UPI are 24x7 remittance service.
There has been a surge in the usage of RuPay cards at Point of Sale (PoS) terminals at shops and other retail outlets.
RuPay '' the domestic card is enabled on all three channels ATMs, PoS and e-Commerce. India has 14 lakh PoS terminals and all the terminals accept all brands of debit and credit cards''.
At PoS terminals, usually the staff at the counter takes the card, swipes on the machine and hands over the PoS machine for the customer to key-in PIN for authorisation. Customers are not supposed to share their debit card PIN with anyone. PIN is a secret number and customer has to cover the key pad so that no one can see the
numbers being keyed-in at ATM or PoS.
It is also worth mentioning that RuPay card can be used for booking railway tickets, bus tickets, shopping on the internet or paying bills / taxes. Usage of RuPay cards at e-Commerce channel has also been growing rapidly and we see good number of RuPay customers in this segment as well.
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CBI seeks centre's permission to reopen Bofors case

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see more.. 21 Oct 2017 | 4:24 PM

Sibi George appointed next Swiss Ambassador

New Delhi, Oct 21 (UNI) 1993 batch Indian Foreign Service (IFS) officer, Sibi George has been appointed India's next Ambassador to Switzerland.

see more.. 21 Oct 2017 | 7:08 PM

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see more.. 21 Oct 2017 | 4:50 PM

PM to launch Phase 1 of Ghogha-Dahej ferry in Gujarat

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see more.. 21 Oct 2017 | 7:12 PM

Sitharaman to visit Philippines on Oct 23 to attend 4th ADMM-Plus

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see more.. 21 Oct 2017 | 8:14 PM

New Pakistan envoy calls on Sushma Swaraj

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see more.. 21 Oct 2017 | 4:45 PM

Premier Shinzo Abe's ruling coalition seen to win Japan's snap election Sunday

Tokyo, Oct 21 (UNI) Japanese voters head to the polls on Sunday in a snap general election in which Prime Minister Shinzo Abe's ruling coalition is forecast to win a landslide victory.

see more.. 21 Oct 2017 | 6:36 PM

Govt fixes issue price of Rs 2971 per gram for SGBS 2017-18

21 Oct 2017 | 7:12 PM

New Delhi, Oct 21 (UNI) Government of India in consultation with the Reserve Bank of India (RBI) has fixed the issue price of Rs 2,971 (Rupees Two thousand Nine hundred Seventy One only) per gram with Settlement on October 30, 2017 for Sovereign Gold Bond Scheme (SGBS) 2017 -18, as was also published by RBI in their Press Release dated Oct 20, 2017.