National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI) is the central body responsible for overseeing retail payments and settlement systems in India. Established by the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA), the Company is focused on bringing innovations in payment systems through use of technology for greater operational efficiency and widened reach. NPCI’s impact on India's payments landscape, focused on creating robust, efficient, and inclusive payment and settlement solutions, has been instrumental in introducing financial products, including Unified Payments Interface (UPI) and RuPay card scheme, that have revolutionised retail payment systems.NPCI and its wholly-owned subsidiaries – NPCI International Payments Limited (NIPL), NPCI Bharat BillPay Limited (NBBL), and NPCI BHIM Services Limited (NBSL) - have been fundamental in establishing the foundation for India’s rapidly growing digital payments ecosystem, projecting the country onto the global stage.