national payment corporation, npc

National Payments Corporation of India (NPCI) is a not-for-profit organization established in 2008 as an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA). Its primary objective is to create a robust and efficient payment and settlement infrastructure in India. NPCI manages and operates a wide range of services including the RuPay card scheme, Unified Payments Interface (UPI), Immediate Payment Service (IMPS), Bharat Bill Payment System (BBPS), and National Electronic Toll Collection (NETC Fastag), effectively driving the digital payments revolution in the country.