NATIONAL PAYMENT CORPORATION OF INDIA
Founded: December 2008
Headquarters: Mumbai, Maharashtra
Chairman: Balachandram M
CEO and MD: AP. Hota
ABOUT NPCI
National Payments Corporation of India (NPCI, भारतीय राष्ट्रीय भुगतान निगम) is the umbrella organisation for all retail payment systems in India,
with a vision to enable citizens of the country to have access to e-payment services at anyplace and anytime.
Founded in 2008, NPCI is a not-for-profit organisation registered under section 25 of the Companies Act, 2013. The organisation has been promoted by the country’s central bank, the Reserve Bank of India .
It's recent work of developing Unified Payments Interface , which aims to move India to cashless society and only digital Transactions makes end customers the kings.
It has successfully completed the development of a domestic card payment network called RuPay.
PROMOTER BANKS:
There are 10 Core Promoter Banks of NPCI.
I) State Bank of India
ii) Punjab National Bank
iii) ICICI Bank
iv) HDFC Bank
v) Union Bank of India
vi) Bank Of India
vii) Bank of Baroda
viii) Canara Bank
ix) Citi Bank
x) HSBC
PRODUCTS OF NPCI
1) National Financial Switch (NFS)
2) National Automated Clearing House (NACH)
3) Immediate Payment Service (IMPS)
4) RuPay
5) Cheque Truncation System
6) Aadhar Enabled Payment System (AePs)
7) Unified Payments Interface (UPI)
8) *99#
Headquarters: Mumbai, Maharashtra
Chairman: Balachandram M
CEO and MD: AP. Hota
ABOUT NPCI
National Payments Corporation of India (NPCI, भारतीय राष्ट्रीय भुगतान निगम) is the umbrella organisation for all retail payment systems in India,
with a vision to enable citizens of the country to have access to e-payment services at anyplace and anytime.
Founded in 2008, NPCI is a not-for-profit organisation registered under section 25 of the Companies Act, 2013. The organisation has been promoted by the country’s central bank, the Reserve Bank of India .
It's recent work of developing Unified Payments Interface , which aims to move India to cashless society and only digital Transactions makes end customers the kings.
It has successfully completed the development of a domestic card payment network called RuPay.
PROMOTER BANKS:
There are 10 Core Promoter Banks of NPCI.
I) State Bank of India
ii) Punjab National Bank
iii) ICICI Bank
iv) HDFC Bank
v) Union Bank of India
vi) Bank Of India
vii) Bank of Baroda
viii) Canara Bank
ix) Citi Bank
x) HSBC
PRODUCTS OF NPCI
1) National Financial Switch (NFS)
2) National Automated Clearing House (NACH)
3) Immediate Payment Service (IMPS)
4) RuPay
5) Cheque Truncation System
6) Aadhar Enabled Payment System (AePs)
7) Unified Payments Interface (UPI)
8) *99#
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