NPCI Full Form | What Does NPCI Stand For?

NPCI: National Payments Corporation of India

NPCI Full Form

NPCI full form stands for National Payments Corporation of India. The National Payments Corporation of India is an umbrella organization operating the retail payment and settlement system in India, owned by the Reserve Bank of India.

The organization is owned by a consortium of large banks and is promoted by the country’s central bank, the Reserve Bank of India.

Brief Explanation

Founded in December 2008, NPCI is a non-profit organization registered under Section 8 of the Companies Act, 2013, established by the Reserve Bank of India and the Indian Banks Association. NPCI was incorporated in December 2008 and a Certificate of Business was issued in April 2009.

NPCI has set up a separate subsidiary to bring its products to the global market. The organization is receiving suggestions from countries in Africa, Asia, and the Middle East to improve its payment infrastructure. Internationalization of ROP and Unified Payment Interface (UPI) is the main focus of NPCI International Payments Limited (NIPI).

Achievements

  • NPCI wins 2018 Policy Change Agent via Economic Times.
  • NPCI was awarded the Golden Peacock Innovative Product / Service Award for BHIM UPI for the year 2018.

What Is The Full Form Of NPCI?

NPCI full form stands for National Payments Corporation of India. It is an umbrella organization operating the retail payment and settlement system in India, owned by the Reserve Bank of India. NPCI was incorporated in December 2008.

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