National Payment Corporation of India (NPCI)
NPCI was set up by RBI and the Indian Banks' Association (IBA) as an umbrella organisation for retail payments system in India.
It was incorporated in December 2008 under Companies Act, 2013 with the aim to operate for the benefit of all member banks and their customers, create infrastructure for operating pan-India systems with high availability and scalability to process increasing volumes of retail electronic payments, etc.
Products by NPCI
- IMPS: IMPS provides robust & real time fund transfer which offers an instant, 24X7, interbank electronic fund transfer service that could be accessed on multiple channels like Mobile, Internet, ATM, SMS.
- RuPay ....
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