Under this association, NPCI has authorised the SoftPOS solution developed by PayCore for RuPay. Merchants can now convert their NFC-enabled smartphones into POS machines to accept contactless payments through RuPay SoftPOS.
The solution can be integrated into bank or aggregator acquiring systems to enable acquiring of RuPay using NFC-enabled mobile phones or add-ons. NPCI aims to widen the spread of RuPay SoftPOS among micro, small, and medium-sized businesses in different parts of India with its network of banks along with PayCore.
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