SSHH – Top Secret – NPCI launches its fifth service on NFS

The full form of NFS is National Financial Switch which is currently operated by National Payments Corporation of India.

The primary site is located at Mumbai and DR site at Chennai.

In April 2014, NPCI-NFS launched its fifth service. The service has been christened as ‘Card to Card Transfer’.

Two innovative banks in the Indian ePayment arena i.e Andhra Bank  and Union Bank of India have agreed to run the pilot process.

As this is pilot run, details are still not available on the respective banks website.  In common language, Card to Card Transfer means transfer of electronic cash from one ATM Card to another ATM Card, without the need to visit a physical bank branch.

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