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Updated: NPCI’s RuPay Enables E-Commerce Payments; RuPay Roadmap

(By Apurva Chaudhary & Vikas SN) Update: NPCI has officially launched (pdf) an e-commerce solution called 'RuPay PaySecure'. The organization says that users can make online reservations, booking, ticketing, shopping, and utility bill payments through this solution. NPCI has partnered with an US-based online payment service provider Acculynk for this initiative and the organization said that Acculynk will responsible for providing authentication for all online RuPay debit card transactions. It also noted that Bank of Baroda and Union Bank Of India have joined the initiative as an acquirer and an issuer while Kotak Mahindra Bank has joined as an acquirer and Bank Of India has joined as an issuer. State Bank of India and HDFC Bank are also expected to join the initiative shortly. NPCI claims to have tie-ups with more than 100 merchant websites across multiple categories and the organization hopes to cover all the e-commerce websites by the end of this year. Earlier (June 19): National Payments Corporation of India's (NPCI) payment network RuPay has now started accepting e-commerce payments, reports NextBigWhat. The network was previously limited to ATMs, prepaid cards and point of sale (PoS) terminals. Its currently not clear as to when NPCI enabled this service, since there is no mention of this on the website, however several websites like Coke2home, JustRechargeIt and FutureBazaar have started accepting RuPay payments as a payment option, as indicated by the report. Payment gateway company CCAvenue* also told the publication that it is one among the NPCI authorized companies to process RuPay debit cards. Last month, NPCI Managing Director and CEO A P Hota had…

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