National Payments Corporation of India (NPCI)

Mon, 11 May 2026 00:00:00 +0000

The National Payments Corporation of India (NPCI) is the umbrella organisation for operating retail payment systems and settlement infrastructure in India. Incorporated in December 2008 under the Companies Act as a not-for-profit company under Section 8, NPCI was promoted jointly by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA). It received formal authorisation from the RBI under the Payment and Settlement Systems Act, 2007 (PSS Act) as a payment system operator, and its schemes are classified as systemically important payment systems.

BBPS on WebNotes

National Payments Corporation of India (NPCI)