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 has changed the way payments are made in India through a bouquet of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC Fastag) and Bharat BillPay. NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is dedicated to increasing access to digital payments.
About Us
NPCI was incorporated in December 2008 and is recognised by the Reserve Bank of India as a Payment System Operator (PSO). It is a not-for-profit company under Section 8 of the Companies Act 2013. The company is owned by a consortium of major banks in India. NPCI has been instrumental in driving financial inclusion in India through its various initiatives. It aims to provide affordable and accessible payment solutions to all Indians.
Vision
To be the best payments network globally.
Mission
To provide a robust, secure, efficient and innovative payment and settlement infrastructure to support the financial inclusion agenda of the country.
Culture
NPCI fosters a culture of innovation, collaboration, and customer-centricity. It emphasizes employee empowerment, continuous learning, and ethical conduct. The company strives to create a work environment that encourages creativity and problem-solving.
Headquarters
Mumbai, Maharashtra