NPCI (National Payments Corporation of India)

byPaytm Editorial TeamLast Updated: July 11, 2025

Introduction

NPCI is the core organization that manages India’s retail digital payment systems, including UPI, RuPay, IMPS, and more.

Definition

The full form of NPCI is National Payments Corporation of India. It is a not-for-profit company established by RBI and IBA to develop secure, accessible payment systems.

How It Works

NPCI acts as the technical and operational body behind platforms like UPI, BHIM, and RuPay. It creates the rules and infrastructure for smooth and secure transactions.

Benefits

  • Ensures interoperability in digital payments
  • Promotes innovation in fintech
  • Enables 24×7 payment systems across banks

You May Also Like

2FA (Two-Factor Authentication)Last Updated: July 31, 2025

Meaning The full form of 2FA is Two-Factor Authentication. It is a security process that requires users to…

Money Transfer AppLast Updated: August 12, 2025

Meaning A Money Transfer App is a mobile application that allows you to send and receive money instantly…

Refund ProcessLast Updated: July 11, 2025

Definition The refund process in UPI refers to the steps taken to return money to a user after…

UPI One WorldLast Updated: September 10, 2025

Meaning UPI One World is a payment system designed to allow Non-Resident Indians (NRIs) and international users to…

Bank OmbudsmanLast Updated: August 19, 2025

Definition The Bank Ombudsman is an official appointed by the Reserve Bank of India (RBI) to resolve complaints…