National Payments Corporation of India
The National Payments Corporation of India (NPCI) is an organization established in 2008 to facilitate digital payments in India. It aims to create a robust payment infrastructure and promote cashless transactions across the country. NPCI operates various payment systems, including Unified Payments Interface (UPI), Immediate Payment Service (IMPS), and National Electronic Funds Transfer (NEFT).
NPCI is a key player in enhancing financial inclusion and ensuring secure, efficient, and accessible payment solutions for all citizens. By providing a platform for multiple banks and financial institutions, NPCI supports the growth of digital payments and fosters innovation in the financial technology sector.