National Payments Corporation of India

National Payments Corporation of India (NPCI) is the powerhouse of all digital transaction in the country. It 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. Over the years the organisation has been helping the nation to grow from a cash driven economy to a less-cash one with innovative products like: •Bharat Interface for Money (BHIM) / Unified Payments Interface (UPI) – A revolutionary product for transferring money from one bank account to another using an email like address or scanning QR code. •RuPay – India’s successful home-grown card network. •Bharat Bill Pay – A one stop payment platform for all bill payment services. •National Common Mobility Card – An interoperable card for bus, train, metro, parking etc. in urban areas. •National Electronic Toll Collection - A composite solution to digitise toll collections across all national highways. NPCI’s flagship products include: •National Financial Switch – A platform offering interoperability across ATMs. •Cheque Truncation System – An image based processing technology for cheques. •Immediate Payment Service – A 24X7 instant fund transfer service. •Aadhaar Enabled Payment System – A bank-led model which allows online interoperable financial inclusion transactions at micro ATMs using Aadhaar authentication. For more information please check:,,