"RBL Bank has received approval from the National Payments Corporation of India (NPCI) to offer services on the Unified Payment Interface (UPI) platform," the bank said in a release.
RBL Bank is registered as both an issuer and acquirer bank on the UPI framework.
The bank said it been at the forefront of strategic partnerships and has built a strong partnership-driven business model backed by sound technology platforms.
The bank is actively pushing UPI with its partners across industry verticals and customer segments, it added.
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RBL Bank is also a preferred partner for Merchant Acquiring aggregators, including MSWIPE, Ezetap and MRupee, said the release.
These aggregators will be live on the RBL Bank UPI platform to enable their merchants to accept payments using mobile point of sale (mPOS) solutions.
The UPI framework allows customers to use their smartphones to transfer funds or make payments on the go.
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