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NPCI, Fiserv Enable RuPay Credit Card Stack for Banks, Fintechs

National Payments Corporation of India and Fiserv, a leading global provider of payments and financial services technology, have entered into an understanding that will enable the launch of plug and play RuPay credit card stack, ‘nFiNi’. This BaaS (banking-as-a-service) program provides a ready stack of services required for fintechs and banks to issue RuPay credit cards.

Once on-boarded, the fintechs will be able to issue credit to the new-to-bank-and-credit customers through the nFiNi platform, which will power RuPay cards by offering access to needed services through the NPCI network combined with FirstVision cloud-based open API integrations from Fiserv. The FirstVision microservices-based platform-as-a-service offers a set of APIs that supports orchestration of the digital user experience, push alerts to support in-app, SMS, and WhatsApp notifications, simplified integration options, and instant digital card provisioning, allowing customers to transact immediately after being approved for a card.

Nalin Bansal, Chief of Corporate Relationships & Fintechs, NPCI said, “We believe this will accelerate the penetration of RuPay cards in the country and lead to increased penetration of credit in the market, in both urban and rural space.”


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