NPCI onboards Turkish firm PayCore to develop softPoS solutions for RuPay

The National Payments Corporation of India (NPCI), the umbrella organization for retail payments in India, has onboarded PayCore, a global payments solutions company based out of Turkey, to develop SoftPoS solutions for its card network RuPay.

“This solution can be integrated into bank or aggregator acquiring systems to enable acquiring of RuPay using mobile phones enabled with NFC capability or add-ons,” NPCI said in a release on Monday.

The idea behind SoftPoS is merchants can use their NFC-enabled smartphones as point of sale (PoS) machines to accept contactless payments. SoftPoS is a revolutionary technology that allows merchants to accept card payments directly on their phones or devices without the need for any additional software.