NPCI making digital payments easy for all

Organisations Name : National Payments Corporation of India (NPCI)

Head of the Organisation: DILIP ASBE

Designation: MD & CEO

Services Offered: UPI, RuPay, BHIM, NACH, IMPS, NETC Fastag, Bharat BillPay, CTS, NFS, AePS, BHIM Aadhaar

An initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007 to create a robust Payment & Settlement Infrastructure in the country, National Payments Corporation of India (NPCI) has been formed. It is a “Not for Profit” organization with an intention to provide infrastructure to the entire Banking system in India for physical as well as electronic payment and settlement systems. It is focused towards bringing innovations in the retail payment systems through the use of technology for achieving greater efficiency in operations and widening the reach of payment systems.

After the success of UPI platform on the smartphones, NPCI is working on a digital payments product for feature phone users and those who are not too comfortable using mobile apps. At present the product is at the proof of concept (POC) stage.