National Payments Corporation of India
Overview
National Payments Corporation of India (NPCI) is an umbrella organisation for operating retail payments and settlement systems in India. It is an initiative of the Reserve Bank of India (RBI) and Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. NPCI was incorporated in December 2008 and is recognized by RBI as a Payment System Operator (PSO). It has changed the way payments are made in India. It facilitates an efficient, automated, and secure payment system.
About Us
NPCI is committed to driving financial inclusion and innovation within India's payment ecosystem, working towards a cashless society. It develops and implements various payment systems in partnership with banks, financial institutions, and technology providers to achieve this goal. NPCI’s key offerings include UPI (Unified Payments Interface), a revolutionary real-time payment system; RuPay, India's domestic card payment network; IMPS (Immediate Payment Service) for instant fund transfers; AePS (Aadhaar enabled Payment System), enabling financial transactions through Aadhaar authentication; and NETC (National Electronic Toll Collection), streamlining toll payments across the country. These systems collectively enhance accessibility, efficiency, and security in the Indian financial landscape, promoting digital payment adoption across diverse sectors and demographics. NPCI continuously innovates and expands its offerings to address the evolving needs of the Indian economy and its citizens, reinforcing its crucial role in the nation's digital transformation. Furthermore, NPCI actively promotes awareness and education about digital payments to ensure widespread adoption and understanding of its platforms. By focusing on user education and technological advancement, NPCI strengthens its commitment to a digitally empowered India, fostering a more inclusive and efficient financial future for all citizens. The organization's ongoing efforts aim to simplify financial transactions, making them more accessible and secure for everyone.
Vision
To be the best payments network globally.
Mission
To create a robust, secure, and efficient payment and settlement infrastructure in India.
Headquarters
Mumbai
Specialties & Industries
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