IND NPC Compliance Enablement RuPay


On May 23, IND NPC wrote about compliance enablement for RuPay.


  • IND NPC announced compliance enablement of RuPay international transaction functionalities; as RuPay cards now accepted domestically and internationally.
  • Issuer member banks required to comply with RuPay online switching interface specification, V20.3 or later, to enhance success rates of RuPay cards internationally.
  • Follows IND NPC Feb. 2024 issued circular on pre-authorization of Rupay, #201074.
  • Document dated May 23, 2024, received from IND NPC Jun. 6, summarized Jun. 10.
  • Compliance Enablement
  • Compliance involves enabling various functionalities such as mail order telephone order (MOTO) transactions, card account verification, dynamic currency conversion.
  • Plus, card Not Present eCom, international non-PIN POS, contactless transaction, merchant attempted 3DS, pre-Authorization, and NPCI SecureNxt - RuPay 3DS.
  • Banks must also set appropriate gross debit limit (GDC), velocity limit at BIN level.
  • Effectiveness
  • The compliance deadline is Jul. 31, 2024.

Regulators IND NPC
Entity Types Bank
Reference Cir NPCI/2024-25/RuPay/002, 5/23/2024
Functions Compliance; Financial; Operations; Product Administration; Settlement; Technology
Countries India; Cross-Border
Category
State
Products Banking; Cards; Forex; Payments
Regions AP
Rule Type Final
Rule Date 5/23/2024
Effective Date 7/31/2024
Rule Id 215015
Linked to Rule :201074
Reg. Last Update 5/23/2024
Report Section International

Last substantive update on 06/11/2024