T-Wallet to incorporate RuPay card for safe and secure e-transactions
RuPay is the first-of-its-kind global card payment network of India, with acceptance at ATMs, POS devices and e-commerce websites
Hyderabad: The Telangana government’s digital payment app T-Wallet is all set to take e-payments to the next level by incorporating RuPay card facility to ensure safe and secure transactions while shopping. RuPay is the first-of-its-kind global card payment network of India, with acceptance at ATMs, POS devices and e-commerce websites. It is a secure network that protects against anti-phishing.
T-Wallet aims to offer secure transactions by integrating the RuPay card, so that users can make payments either by scanning a QR code or swiping the card, without putting their original bank debit cards or bank account details at risk. M Sreenivasulu, Programme Head, T-Wallet said the National Payments Corporation of India (NPCI), under whose aegis RuPay works, has approved the integration of the card with T-Wallet, with the State government’s nod expected soon.
“Once the government gives its nod, we will launch the physical card, which will have a CVV number and expiry date. This is a new type of prepaid payment instrument for making digital payments,” he said.
According to Transaction Analysts, which co-brands and hosts T-Wallet, RuPay cards will initially be given for users verified with full KYC details. “Users can deposit money in the RuPay card from T-Wallet and other debit cards. This card will be secure and will not record bank details,” an official said.
Launched on June 1, 2017, T-Wallet was made available as an anytime-anywhere digital payment option. Through this wallet, users can make payments for government departments including Mee-Seva, GHMC, HMWSSB, TSNPDCL, TSSPDCL, RTA and HMDA ORR toll payment. The official digital wallet of Telangana has also crossed the milestone of one million registered users. At present, the strength of those registered with T-Wallet stands at over 12 lakh while the number of transactions and money loading had crossed two crore.
T-Wallet serves through an online web browser, smartphone and feature phone too. Citizens who do not have smartphones can go to their nearest Mee Seva centres to open T-Wallet, load money (cash or online transaction) and make payments using UID (Aadhaar) authentication.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .
