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India launched its own payment gateway 'RuPay', equivalent to Visa and Master card recently. Which of the following statements is/are NOT correct about the new card?

A)  It is developed by the National Payments Corporation of India (NPCI).                              

B)  It will work on three channels-ATMs, Point of Sale (POS) and Online Sales.

C)  It is the third such payment gateway in the world.

D)  A variant of RuPay would shortly be launched by IRCTC, which will help in booking railway tickets.

E)  For clearing and settlement of each transaction, banks will have to pay 40 per cent lower fees on RuPay platform compared to other international platforms.