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

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