The National Payments Corporation of India (NPCI) has appointed FIME to deliver its card scheme RuPay’s certification programme.
FIME will define the certification specification, laboratory setup, test plan specification, test tools and operate the certification board for RuPay, ensuring all payment cards and point-of-sale terminals deployed under the brand are compliant with the requirements of RuPay specifications.
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Prakash Sambandam, director of FIME India said: "Many countries have, or are in the process of migrating to the EMV payment standard. Transitioning to a chip payment infrastructure will take time and require the implementation of new product development cycles.
"Adhering to RuPay, an EMV payment scheme, will ensure that the products achieve the required functional and security standards and perform as intended, once live in the marketplace. This level of compliance is vital to ensure product interoperability and security optimisation".
FIME also said that the new payment platform will offer opportunities to roll out mobile and contactless payments.
Sambandam said: ""The deployment of RuPay, an EMV payments technology in India, will create an international transaction framework which will support India’s long-term payment needs. This is an exciting time for payments in India and we are delighted to be performing such an integral role in the evolution of this infrastructure."
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