City Union Bank introduces RuPay On-the-Go

Wednesday 8 December 2021 11:10 CET | News

City Union Bank (CUB) in collaboration with National Payments Corporation of India (NPCI) has launched RuPay On-the-Go contactless keychain for its debit card customers.

The solution allows the bank's customers to carry payment cards on their keychains, making for fast and convenient payments up to USD 66 without entering a PIN. Customers would be required to hold the keychain in front of the Point-of-sale devices (PoS) during payment, like tapping the card. For payments above USD 66, customers need to tap, followed by their PIN.

Currently, the keychain will be linked to the operative account of the customers. However, as part of the second phase of the launch, CUB is planning to integrate the keychains with prepaid/credit cards to serve non-CUB customers as well. 

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Keywords: banks, product launch, contactless payments, partnership
Categories: Payments & Commerce | Payments General
Countries: India
This article is part of category

Payments & Commerce