RuPay cards of all PSBs now e-commerce enabled: NPCI

RuPay cards of all public sector banks are now e-commerce-enabled. RuPay cardholders can now conveniently purchase rail, road and air tickets by logging into the websites (IRCTC, Cleartrip, Make My Trip, KSRTC etc) of travel companies or buy goods and services from retail chains like Amazon, Flipkart, Snapdeal, Jabong, etc.

Announcing this on Monday, the National Payments Commission of India (NCPI) said, ''RuPay e-commerce is comparatively easy. For the first time user, registration happens as the transaction gets done.

''The only additional step for first time user is to choose a picture password, which the customer has to identify in subsequent transaction. This gives an additional layer of security. Since One Time Password (OTP) is a part of the security process, it is necessary that a RuPay e-commerce customer is also registered as a mobile banking user of the bank.

"NPCI aims at making every Indian with a RuPay card and a mobile phone e-commerce enabled. The goal is to make railway and bus ticket booking also as much electronic as air ticket booking" said A P Hota, MD and CEO of NPCI.

"Payments system in India is maturing faster than in rest of the world" added Hota.

Over 30,000 online merchants in the country now accept RuPay cards as on date, including Flipkart, IRCTC, Jet airways, Snapdeal, LIC, bookmyshow, Homeshop18 and others. Some of the major issuing PSBs are - SBI, BoI, BoB, UBI, PNB, Andhra, Dena, Indian, Allahabad, Syndicate, Canara, Oriental Bank of Commerce, among others live on RuPay e-comm.

National Payments Corporation of India (NPCI), which was set up in 2009 as the central infrastructure for various retail payment systems in India, was envisaged by the Reserve Bank of India as the payment utility for all banks in the country. During the last five years, the organisation has grown multi-fold from 2 million transactions a day to 15 million transactions now.

From a single service of switching of inter-bank ATM transactions, the range of services have grown to cheque clearing, immediate payments service money transfer (24x7), automated clearing house, electronic benefit transfer and a domestic card payment network named 'RuPay' to provide an alternative to international card schemes.