“…a single RuPay dual interface card can support multiple payment applications.”
IDEMIA has become the first company to attain certification as a manufacturer of personalized qSPARC v2-compliant RuPay payment cards in India, the company has announced.
In terms of market presence in India’s payments industry, it’s a big deal. RuPay is a domestic card scheme launched by the National Payments Corporation of India in 2012, with the qSPARC v2 specification ensuring that a single RuPay dual interface card can support multiple payment applications. That means end users can use pay for a range of products and services, from bus fares to retail items, using a single card.
In a statement announcing the certification, IDEMIA said that the qSPARC specification “is likely to steer the National Common Mobility Card (NCMC) and will be widely used in the Smart Cities,” adding that the first version of the card has been deployed “in Kochi Metro, Bangalore Bus Transport, Ahmedabad Smart City and will soon be delivered to prospective customers in Nagpur, Noida Metro and Navi Mumbai bus transport ticketing.”
IDEMIA says that so far, 1.5 million cards have been issued, with its prominence in this particular market reflecting IDEMIA’s growing status as a provider of technologically sophisticated payment card solutions such as its fingerprint scanning F-Code and dynamic CVV cards.