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Detailed explanation-1: -Mumbai: National Payments Corporation of India (NPCI) said on Thursday that RuPay has partnered with RBL Bank to launch a payment solution for Indian merchants in association with fintech company PayNearby.

Detailed explanation-2: -ICICI Bank has partnered with the National Payments Corporation of India (NPCI) to launch a range of credit cards on the native payments network Rupay.

Detailed explanation-3: -Pragnyat Lalwani, Director, Seshaasai said, “We are honored to be the Technology Solution Partner for this initiative by NPCI & YES BANK.

Detailed explanation-4: -Also, the digital payments network PayNearby had partnered with Visa and RBL Bank in August last year to launch softPoS and mPoS for retailers in its network. Among other players in the softPoS segment in India are Cashfree Payments, Infibeam, Mastercard, etc.

Detailed explanation-5: -RuPay On-the-Go is an interoperable, open-loop solution that customers can use at RuPay contactless-enabled PoS at retail outlets and pay up to Rs 5, 000 without the need to input the PIN. For payments above Rs 5, 000, customers need to tap, followed by their PIN.