National Payments Corporation of India

Umbrella organisation for operating retail payments and settlement systems in India

National Payments Corporation of India (NPCI) is an Indian public sector company 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 settlement infrastructure in India.

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According to data shared by the National Payments Corporation of India (NPCI) on Friday, October saw a 10 per cent increase in volume and 14 per cent in value..
Credit: DNA - Published 1 day ago

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