National Payments Corporation of India (NPCI)

The National Payments Corporation of India (NPCI) is an umbrella organization overseeing the retail payments and settlement systems in India, founded with the support of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA). It aims to foster innovation in payment systems, ensuring they are reliable, secure, and accessible to all citizens. NPCI is responsible for pioneering platforms like the Unified Payments Interface (UPI), Immediate Payment Service (IMPS), and Bharat Interface for Money (BHIM). To the public, NPCI provides data and insights related to transaction volumes, values across its platforms, growth statistics, and technological advancements. This information is invaluable for businesses, researchers, and policymakers to understand the landscape of digital payments and its evolution in India.