National Payments Corporation of India

The National Payments Corporation of India (NPCI) is a "Not for Profit" company established in 2008 as an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA). Its primary mission is to operate and manage the retail payments and settlement infrastructure in India, aiming to create a robust, secure, and efficient nationwide payment system. NPCI has developed several key services that form the backbone of digital payments in the country, including the RuPay card scheme, the Unified Payments Interface (UPI), Immediate Payment Service (IMPS), Bharat Bill Payment System (BBPS), and National Electronic Toll Collection (NETC) for FASTag, among others.