National Payments Corporation of India (NPCI), launched RuPay commercial card for entrepreneurs and business owners. Fintech startup EnKash and SBM Bank India will become the first two organisations to offer this card. The card is powered by API platform Yap.
The corporate credit card would utilise the RuPay network and will be available upon immediate issuance through digital and paperless on-boarding for SMEs, MSMEs and startups at any SBM Bank touch point.
Praveena Rai, COO, NPCI, said, “It’s time to realize that in the current environment Rupay needs to expand its portfolio to business users, business users with large corporates and smaller businesses. So they can handle management and purchasing requirements."