
National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payment solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society. NPCI, has products like RuPay, UPI (Unified Payments Interface), BHIM (Bharat Interface Money), AEPS (Aadhaar Enabled Payment Services), IMPS (Immediate Payment Services), NFS (National Financial Switch), NETC Fastag, Bharat Bill Pay, *99# & others.
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