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The National Payments Corporation of India (NPCI) is an organization that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and ...
- 2008; 15 years ago
- 1001+
NPCI is owned by a consortium of major banks in India. NPCI was established by the RBI and Indian Banks Association (IBA). The National Payment Corporation of India (NPCI) is promoted by the Reserve Bank of India (RBI). It is a not-for-profit organisation.
Who we are. National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA). Read More.
Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
Apr 3, 2023 · The NPCI is owned by a consortium of banks, aimed at creating robust payments and settlement systems.
Nov 26, 2020 · The National Payments Corporation of India (NPCI), which runs UPI and RuPay payment schemes, has allotted 4.63 percent of its equity shares worth Rs 81.64 crore to multiple banks and...
Sep 7, 2023 · Anand J. September 07, 2023 / 08:33 PM IST. Representative Image. This week the National Payments Corporation of India (NPCI) launched a slew of new features for its real-time payments...
