• Organization TypeGovernment, Investment & Finance
  • HeadquartersIndia

National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. Considering the utility nature of the objects of NPCI, it has been incorporated as a “Not for Profit” Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013), with an intention to provide infrastructure to the entire Banking system in India for physical as well as electronic payment and settlement systems. The Company is focused on bringing innovations in the retail payment systems through the use of technology for achieving greater efficiency in operations and widening the reach of payment systems. The ten core promoter banks are State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank N. A. and HSBC. In 2016 the shareholding was broad-based to 56 member banks to include more banks representing all sectors. NPCI, during its journey, has made a significant impact on the retail payment systems in the country. Dedicated to the nation by their former President, Shri Pranab Mukherjee, endorsed by the Hon’ble Prime Minister, Shri Narendra Modi and later made the card of choice for the ambitious Pradhan Mantri Jan Dhan Yojana, RuPay is now a known name. RuPay is an Indigenously developed Payment System – designed to meet the expectation and needs of the Indian consumer, banks and merchant eco-system. RuPay supports the issuance of debit, credit and prepaid cards by banks in India and thereby supporting the growth of retail electronic payments in India. RuPay is well poised to explore innovative payment opportunities such as Contactless – offline and online to drive adoption of low value payments. All RuPay Cards will now have the functionality of NCMC which can enable low value contactless payments (like transit, toll, parking, retail) using Offline technology. The alliances with international network partners (Discover Financial Services, Japan Credit Bureau and China Union Pay) provides valuable access to global acceptance footprint and offer world class payment solutions to RuPay cardholders. With Immediate Payment Service (IMPS), India has become the leading country in the world in real time payments in retail sector. National Automated Clearing House (NACH), an offline web based system for bulk push and pull transactions. NACH provides electronic mandate platform to register mandates facilitating paper less collection process for the corporates and banks. It provides for both account based and Aadhaar based transactions.  Aadhaar Payment Bridge (APB) System is helping the Government and Government agencies in making the Direct Benefit Transfers for various Central as well as State sponsored schemes. To access these funds at door step & drive the financial inclusion in India, Aadhaar enabled Payment System(AePS) has been introduced. Since inception it has become instrumental to increase accessibility of basic banking services in underserved areas. To extend the convenience of biometric to merchant payments, BHIM Aadhaar has been launched by Hon'ble Prime Minister Narendra Modi. National Financial Switch (NFS) is the largest network of shared Automated Teller Machines (ATMs) in India facilitating interoperable cash withdrawal, card to card funds transfer and interoperable cash deposit transactions among other value added services in the country. Unified Payments Interface (UPI) has been termed as the revolutionary product in the payment system and Bharat Bill Payment System is offering one-stop bill payment solution for all recurring payments with 200+ Billers in the categories Viz. Electricity, Gas, Water, Telecom, DTH, Loan Repayments, Insurance, FASTag Recharge, Cable etc. across India. National Payments Corporation of India (NPCI) has developed the National Electronic Toll Collection (NETC) program to meet the electronic tolling requirements of the Indian market. It provides an electronic payment facility to customer to make the payments at national, state and city toll plazas by identifying the vehicle uniquely through a FASTag.  FASTag are Radio-Frequency Identification (RFID) stickers which are affixed on the vehicle windshield and enable the driver to make toll payments electronically while the vehicle is in motion without stopping at the Toll plazas by saving Fuel and Time. With these products the aim is to transform India into a ‘less-cash’ society by touching every Indian with one or other payment services. With each passing year they are moving towards their vision to be the best payments network globally.
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Staff at National Payments Corporation of India (NPCI) have experience in


  • public administration
  • administration
  • economic policy
  • law
  • monitoring / evaluation


  • india
  • australia
  • united states


  • managerial experience
  • business development
  • international experience

Company Offices

  • India (headquarters)
  • Mumbai
  • 1001A, B wing, 10th Floor, The Capital, Bandra-Kurla Complex, Bandra (East), Mumbai
  • India
  • Hyderabad
  • ICICI Towers, off ISB Road Plot No. 12, 6th Floor, Tower-1 (North Wing) Nanakram Guda, Financial District Hyderabad – 500032, Telangana State
  • 500032
  • India
  • Chennai
  • 8th Level, VBC Solitaire 47 & 49 Bazullah Road, T. Nagar, Chennai -
  • 600 017
  • India
  • Mumbai
  • Unit nos. 201, 301 & 302, 2nd & 3rd Floor, Raheja Titanium, Western Express Highway, Goregaon east, Mumbai -
  • 400063