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Company type | Section 8 |
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Industry | Payments |
Founded | 19 December 2008 |
Headquarters | Mumbai, Maharashtra, India[1] |
Key people | |
Products |
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Owner | Reserve Bank of India, Ministry of Finance, Government of India |
Number of employees | 1001+ |
Subsidiaries | NIPL[5] |
Website | www |
National Payments Corporation of India (NPCI) is an Indian state-owned organization that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.[6][7]