NPCI Partners With YES Bank To Launch RuPay 'On-The-Go': Check Features

Edited by Nikita Prasad

29 Sep 2021, 09:52 AM IST

The RuPay On The Go is a first-of-its-kind contactless payment solution

The National Payments Corporation of India (NPCI) partnered with private lender YES Bank to launch the 'RuPay On-the-Go' contactless payments solutions - a first-of-its-kind facility for customers. The RuPay contactless solution will enable customers to make small and large value transactions from accessories that they wear everyday, according to a statement shared by NPCI.

This means that the card operates as a wearable payment solution that is likely to change the contactless payments space. It will eliminate the need to carry a physical card and will enable instantaneous payments with a simple 'tap, pay, go' mechanism.

The retail payments and settlement system operator launched the contactless solution in association with the fintech infrastructure partner - Neokred, and manufacturing partner - Seshaasai.

RuPay 'On The Go': Here's All You Need To Know

With the RuPay On-the-Go facility, customers can make payments as a part of their fashion accessory. It is something that they can ‘wear' every day, and make wallet-free transactions.
The interoperable, open-loop solution for customers is a quick and secure service, equipped with smart, superior technology.
Customers can use the service at RuPay contactless-enabled PoS (point of sale) at the retail outlets and can pay up o Rs 5,000, without the need to enter the PAN number.
For making payments more than Rs 5,000, customers need to tap the accessory and then enter PIN, according to NPCI.
Additionally, for the online transactions, the BHIM YES PAY app offers a virtual RuPay card to the customers that can be utilised for the digital as well as e-commerce transactions.

''The RuPay On-the-Go smart accessories, such as keychains with tap-and-pay functionality, will enable customers to make digital payments securely, more easily and in style. As the volume of digital transactions continues its upward trend, tech solutions that allow people to make contactless payments - through smart objects that blend in with their style,'' said Ms Anita Pai, COO, YES Bank.