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BharatQR
BharatQR, developed by NPCI, Mastercard, and Visa, is an integrated payment system in India for mobile devices. The system, which was launched in September 2016, facilitates users to transfer their money from one source to another. The money transferred through BharatQR is received directly in the user's linked bank account. It provides a common interface between RuPay, Mastercard, Visa and American Express, and is interoperable with all the banks. Currently, BharatQR is supported on both Android and iOS devices. Overview BharatQR was launched in September 2016 as per the directions set by the Reserve Bank of India with the aim of facilitating India in transition to a less-cash society. The system helps in enabling digital payments to reduce the usage of card machines for payment. A number of banks supported BharatQR, before the system was launched, and got ready to deploy it. Although, BharatQR primarily works by scanning QR codes, it is not the only way to make payment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RuPay
RuPay ''(portmanteau of Rupee and Payment)'' is an Indian multinational financial services and payment service system, conceived and launched by the National Payments Corporation of India (NPCI) on 26 March 2012. It was created to fulfil the Reserve Bank of India's (RBI) vision of establishing a domestic, open and multilateral system of payments. RuPay facilitates electronic payment at all Indian banks and financial institutions. NPCI maintains ties with Discover Financial, JCB to enable RuPay card scheme to gain international acceptance. As of November 2020, around 60.3 crores (603.6 million) RuPay cards have been issued by nearly 1,158 banks. All merchant discount rate (MDR) charges were eliminated for RuPay transactions from 1 January 2020. All Indian companies with an annual turnover exceeding are required to offer RuPay payment options to their customers. Background In 2009, RBI had asked the Indian Bank Association to create a non-profit payment company which wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QR Code Payment
QR code payment is a contactless payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic funds transfer at point of sale using a payment terminal. This avoids a lot of the infrastructure traditionally associated with electronic payments such as payment cards, payment networks, payment terminal and merchant accounts. To make a QR code payment, the consumer scans the QR code displayed by the merchant with their smartphone to pay for their goods. They enter the amount they have to pay and finally submit. This is a more secure card-not-present method than others. History The QR code system was invented in 1994 by Masahiro Hara from the Japanese company Denso Wave. The first mobile wallet app for cryptocurrency Bitcoin featured the ability to send and receive payments with QR codes in March 2011. In 2011, Chinese company Alipay designed a QR code payment method which allowed partnering offline stores to accept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NPCI
The National Payments Corporation of India is an umbrella organization for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. It was created by RBI for operating retail payments and settlement systems in India. Organisation Founded in December 2008, the NPCI is a not-for-profit organisation registered under Section 8 of the Companies Act 2013, established by the Reserve Bank of India and Indian Banks' Association. The organisation is owned by a consortium of major banks, and has been promoted by the country's central bank, the Reserve Bank of India. The NPCI was incorporated in December 2008 and the Certificate of Commencement of Business was issued in April 2009. The authorised capital has been pegged at and paid-up capital is . Initially, there ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Payments Corporation Of India
The National Payments Corporation of India is an umbrella organization for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. It was created by RBI for operating retail payments and settlement systems in India. Organisation Founded in December 2008, the NPCI is a not-for-profit organisation registered under Section 8 of the Companies Act 2013, established by the Reserve Bank of India and Indian Banks' Association. The organisation is owned by a consortium of major banks, and has been promoted by the country's central bank, the Reserve Bank of India. The NPCI was incorporated in December 2008 and the Certificate of Commencement of Business was issued in April 2009. The authorised capital has been pegged at and paid-up capital is . Initially, there w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samsung Pay
Samsung Pay (stylized as SΛMSUNG Pay) is a mobile payment and digital wallet service by Samsung Electronics that lets users make payments using compatible phones and other Samsung-produced devices. The service supports contactless payments using near-field communications (NFC), but also supports magnetic strip-only payment terminals by incorporating magnetic secure transmission (MST) in select devices. In India, it also supports bill payments. The service was launched in South Korea on August 20, 2015, and in the United States on September 28 of the same year. Service Samsung Pay was developed from the intellectual property of LoopPay, a crowdfunded startup company that Samsung acquired in February 2015 for an estimated $300m, one of the largest acquisitions made by the firm. The service supports both NFC-based mobile payment systems (which are prioritized when support is detected), as well as those that only support magnetic stripes. This is accomplished via a technology k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Immediate Payment Service
Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24x7 throughout the year including bank holidays. NEFT was also made available 24x7 from December 2019. RTGS was also made available 24x7 from 14th December 2020. It is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later that year. IMPS was publicly launched on 22 November 2010. Currently, there are 53 commercial banks, 101 Rural/District/Urban and cooperative banks, and 24 PPIi signed up for the IMPS service. Around 200 million IMPS transactions am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2016 Establishments In India
Sixteen or 16 may refer to: *16 (number), the natural number following 15 and preceding 17 *one of the years 16 BC, AD 16, 1916, 2016 Films * '' Pathinaaru'' or ''Sixteen'', a 2010 Tamil film * ''Sixteen'' (1943 film), a 1943 Argentine film directed by Carlos Hugo Christensen * ''Sixteen'' (2013 Indian film), a 2013 Hindi film * ''Sixteen'' (2013 British film), a 2013 British film by director Rob Brown Music *The Sixteen, an English choir *16 (band), a sludge metal band * Sixteen (Polish band), a Polish band Albums * ''16'' (Robin album), a 2014 album by Robin * 16 (Madhouse album), a 1987 album by Madhouse * ''Sixteen'' (album), a 1983 album by Stacy Lattisaw *''Sixteen'' , a 2005 album by Shook Ones * ''16'', a 2020 album by Wejdene Songs * "16" (Sneaky Sound System song), 2009 * "Sixteen" (Thomas Rhett song), 2017 * "Sixteen" (Ellie Goulding song), 2019 *"16", by Craig David from ''Following My Intuition'', 2016 *"16", by Green Day from ''39/Smooth'', 1990 *"16", by H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jama Masjid Metro Station
Jama Masjid is a station on the Delhi Metro system. The Heritage Line stretch of the Delhi Metro was flagged off by Union Minister M. Venkaiah Naidu and Delhi Chief Minister Arvind Kejriwal on 28-May-2017. The corridor will be operational from 28-May-2017, the Delhi Metro Rail Corporation (DMRC) announced on 26-May-2017. An extension of the Violet Line (ITO-Escort Mujeser), this entirely underground section comprises four stations—Kashmere Gate, Dilli Gate, Jama Masjid and Lal Qila. History The ITO-Kashmere Gate line was thrown open for public on Sunday. With its launch, the Metro makes inroads into old Delhi or the ‘Walled City’ with four stations—Delhi Gate, Jama Masjid, Red Fort and Delhi Gate. The station Station layout Facilities Connections Bus Delhi Transport Corporation bus routes number 19B, 26, 118EXT, 120B, 171, 172, 185, 210, 213, 213A, 214, 214CL, 246, 246CL, 258SPL, 261, 347, 348, 402CL, 403, 403CL, 404, 405, 405A, 405STL, 411, 419, 425, 425CL, 429, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lal Qila Metro Station
Lal Qila is a station on the Violet Line of Delhi Metro system. This station serves the iconic Red Fort and the nearby Chandni Chowk in Delhi. History The station Station layout Facilities Connections Bus Delhi Transport Corporation bus routes number 114ST+901, 214, 214CL, 261, 347, 348, 402CL, 403CL, 405, 405A, 405STL, 425, 429CL, 605, 729, 807A serves the station from Red Fort stop. Entry/Exit See also *Delhi * List of Delhi Metro stations *Transport in Delhi * Delhi Metro Rail Corporation *Delhi Suburban Railway * Delhi Monorail *Delhi Transport Corporation * Central Delhi * Old Delhi *Chandni Chowk The Chandni Chowk, also known as Moonlight Square is one of the oldest and busiest markets in Old Delhi, India. It is located close to the Old Delhi Railway Station. The Red Fort monument is located at the eastern end of Chandni Chowk. It was b ... * Red Fort * National Capital Region (India) * List of rapid transit systems * List of metro systems Referenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delhi Airport Metro Express
The Delhi Airport Express Line or Orange Line is a Delhi Metro line from New Delhi Metro Station to Dwarka Sector 21, linking Indira Gandhi International Airport. The total length of the line is 22.7 km, of which 15.7 km is underground and 7 km, from Buddha Jayanti Park to Mahipalpur, is elevated. On 27 June 2013 Reliance Infrastructure Ltd. announced to DMRC that they are unable to operate the line beyond 30 June 2013. Following this, DMRC took over operations of Airport Express line from 1 July 2013 with an operations and maintenance team of 100 officials to handle the line. The line runs at a speed of 80 km/h providing for a 19-minute journey from New Delhi to IGI Airport. History The first tenders for line construction were awarded in September 2007. On 23 January 2008, the DMRC awarded a 30-year build-operate-transfer PPP contract to the Reliance Energy- CAF consortium. However, DMRC paid for half of the construction cost and executed tunneling and ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Fare Collection
An automated fare collection (AFC) system is the collection of components that automate the ticketing system of a public transportation network - an automated version of manual fare collection. An AFC system is usually the basis for integrated ticketing. System description AFC systems often consist of the following components (the "tier" terminology is common, but not universal): * Tier 0 - Fare media * Tier 1 - Devices to read/write media * Tier 2 - Depot/station computers * Tier 3 - Back office systems * Tier 4 - Central clearing house In addition to processing electronic fare media, many AFC systems have equipment on vehicles and stations that accepts cash payment in some form. Fare media AFC systems originated with tokens or paper tickets dispensed by staff or from self-service vending machines. These have generally been replaced with magnetic stripe cards. Since their introduction in 1997 with the Octopus card in Hong Kong, contactless smart cards have become the standard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delhi Metro Rail Corporation
Delhi Metro Rail Corporation Limited (DMRC) is a centre-state joint venture that operates the Delhi Metro. The DMRC is also involved in the planning and implementation of metro rail, monorail, and high-speed rail projects in India and abroad. The work of DMRC is broadly fragmented into various parts which are controlled by the respective directors under the direction of a managing director. History The Delhi Metro Rail Corporation Ltd. was created on 3 May 1995 with E. Sreedharan serving as the first managing director. Sreedharan handed over charge as MD of DMRC to Mangu Singh on 31 December 2011. In 2010 Delhi Metro completed 10 years of operation, which was a major milestone to achieve. To mark its 10th anniversary, Delhi Metro introduced 8 coach train for the first time. A commemorative souvenir book titled "Delhi Metro: A Decade of Dedication, 10 Years of Metro Operations” was also launched. An exclusive 'METRO SONG-zindagi hai Delhi metro' composed by music director Vai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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