NPCI enables 200 district cooperative banks under RuPay debit card framework

MUMBAI: National Payments Corporation of India ( NPCI), the umbrella organisation for all retail payments system in the country has enabled over 200 District Central Co-operative Banks (DCCBs) under the RuPay Debit Card network.

With this development, NPCI now digitises about two-thirds of 675 districts in the country through its network of Regional Rural Banks (RRBs), State Cooperative Banks, Urban Cooperative Banks and Scheduled Cooperative Banks with electronic payment mechanisms.

Major states covered are Maharashtra, Uttar Pradesh, West Bengal, Uttarakhand, Andhra Pradesh, Bihar, Karnataka, Gujarat, Kerala, Odisha, Haryana, Himanchal Pradesh, Chhattisgarh, Punjab, Rajasthan and Telangana.

"Participation of DCCBs is gradually bridging the gap between India and Bharat while facilitating financial inclusion initiatives for the country. RuPay’s customised services are aimed to transform our cash dependent economy. It addresses the need of Indian consumers, merchants and banks. NPCI is fully aligned with the RBI’s Vision of building a 'Less Cash India', said AP Hota, managing director, NPCI.

Customers of DCCBs experience state-of-the-art services. Over 280 million RuPay card holders have an access to 2.2 lakh plus ATM's and over 1.2 lakh Point of Sale (PoS) terminals across the country.